Trade Exit – NVDA Vertical Call Spread

Stock / Symbol: Nvidia / NVDA
Strategy: Vertical Call Spread
Trade entry date / price: 25 Nov 2020 / $530.40
Price at this post: $527.15

Update / Reasoning: Entering the exit order now, to exit early and capture at least 85% of the trade's profit potential

Trade Exit Order:
STC 1 NVDA 04Dec20 475 call
BTC 1 NVDA 04Dec20 480 call

For a min net credit of $4.85 per contract (GTC order, limit order). The mid is currently at a credit of $3.87. I was just filled at $4.87.

Analysis:

Max Risk: $385
Max Reward: $115 or 30% with NVDA at/over $480 on Dec 4th
Profit Range: NVDA at/over $479 at market close on Dec 4th
Commission (round trip): $2.60
Downside Stop at: $491.99
Realized Profit / Loss: $102 or 26% (pre commission)

Positive Theta

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