This post is restricted to paying members. To follow are specific active trade details:
Stock / Symbol: Paypal / PYPL
Strategy: Vertical Call Spread to Iron Condor
Trade entry date / price: 28 Feb 2022 / $110.10
Price at this post: $122
Reasoning: Upside stop triggered, closing position for a loss.
Trade Exit Order:
BTC 1 PYPL 20May22 120 call
STC 1 PYPL 20May22 125 call
BTC 1 PYPL 20May22 90 put
STC 1 PYPL 20May22 85 put
For a max net debit of $2.85 per contract (GTC order, limit order). The mid is currently at a debit of $2.75. I was just filled at $2.75.
Analysis:
My Max Risk: $290
My Max Reward: $210 or 72% with PYPL between $90 and $120 by May 22nd
Profit Range: PYPL between $88.15 and $121.85 by May 22nd
Commission (round trip): $6.65
Downside Stop: $90
Upside Stop: $120
Realized Profit / Loss: ($60) or -20% (pre commission)
