Stock / Symbol: Mr Cooper Group / COOP
Strategy: Bear Call Spread
Trade entry date / price: 15 Feb 2022 / $51.10
Trade exit date / price: 24 Feb 2022 / $48.00
Update / Recap: With the whole market down at today's open due to concerns over Russia's invasion of Ukraine, my exit order on this position filled within seconds of the open.
Trade Recap:
Short 1 COOP 14Apr22 55 call
Long 1 COOP 14Apr22 60 call
In for a credit of $0.90 per contract, out for a debit of $0.50 per contract.
Analysis:
Max risk: $410
Max Reward: $90 or 22% with COOP under $55 by Apr 14th
Profit Range: COOP under $55.80 by Apr 14th
Commission (round trip): $2.60
Stop: debit to close is 2x initial credit.
Realized Profit / Loss: $40 or 9.8% (pre commission)
