Trade Recap – INTC Bull Put Spread

Stock / Symbol: Intel / INTC
Strategy: Bull Put Spread
Trade entry date / price: 23 Oct 2020 / $47.90
Trade exit date / price: 30 Nov 2020 / $48.14

Recap: Our exit order was filled today at 12:50 pm, netting us an 11% return.

Position Details:
Short 2 INTC 13Nov20 46 puts
Long 2 INTC 13Nov20 45 puts
then, rolled to:
Short 2 INTC 04Dec20 45 puts
Long 2 INTC 04Dec20 42.50 puts

Entered for a net credit of $0.25 per contract. Then, rolled the position out and down for a net credit of $0.04 per contract. Exited the adjusted position for a net debit of $0.04 per contract, leaving a profit of $0.25 per contract.

Analysis:

Max Risk: $446 / My Risk: $442
Max Reward: $58 or 13% with INTC at/over $45 on Dec 4th
Profit Range: INTC over $44.75 on Dec 4th
Commission (round trip): $10.40
downside stop @ $43
Realized Profit / Loss: $50 or 11% (pre commission)

Positive Theta

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