Stock / Symbol: Activision / ATVI
Strategy: Vertical Call Spread
Post date / price: 28 Jun 2021 / $94.77
Trade entry date / price: 08 Jul 2021 / $92.40
Price at this post: $91.05
Update: I'm lowering the exit order limit down to $3.80 from $3.85
Trade Exit Order Adjustment:
STC 1 ATVI 30Jul21 85 call
BTC 1 ATVI 30Jul21 89 call
For a min net credit of $3.80 per contract (GTC order, limit order). The mid is currently at a credit of $3.60
Analysis:
Max Risk: $345
Max Reward: $55 or 15.9% with ATVI at/over $89 on Jul 30th
Profit Range: ATVI at/over $89 at market close on Jul 30th
Estimated Commission (round trip): $2.60
Downside Stop at: $89
Anticipated Profit / Loss Upon Fill: $35 or 10% (pre commission)
