This post is restricted to paying members. To follow are specific active trade details:
Stock / Symbol: Disney
Strategy: Bull Put Spread / Vertical Put Spread / Double Calendar
Trade entry date / price: 15 Nov 2021 / $160.00
Price at this post: $131.35
Update / Reasoning: With this position finally profitable, I'm going to close the trade here for about a 8% return.
Trade Exit Order:
STC 1 DIS 20May22 150 call
BTC 1 DIS 08Apr22 150 call
STC 1 DIS 20May22 130 put
BTC 1 DIS 08Apr22 130 put
For a min net credit of $5.85 per contract (GTC order, limit order). The mid is currently at a credit of $5.84. I have not yet been filled.
Analysis:
Max Risk: $560
Max Reward: $100 or 17.8% with DIS between 145 to 154 by Apr 8th
Profit Range: DIS between 129 to 132 and 146 to 152.50 by Apr 8th
Estimated Commission (round trip): $11.70
Downside stop @ $128
Upside stop @ $154
Anticipated Profit / Loss upon fill: $45 or 8% (pre commission)
