This post is restricted to paying members. To follow are specific active trade details:
Stock / Symbol: Netflix / NFLX
Strategy: Bull Put Spread
Trade entry date / price: 20 Apr 2022 / $222
Price at this post: $204.50
Update: With NFLX trading up nearly 3% today, at the $204 level, I'm able to close out this trade here for a modest profit.
Trade Exit Order:
BTC 1 NFLX 17Jun22 150 put
STC 1 NFLX 17Jun22 140 put
For a max net debit of $0.05 per contract (GTC order, limit order). The mid is currently at a debit of $0.05. I was filled at $0.05.
Analysis:
Max Risk: $975
Max Reward: $32 or 3% with NFLX at/over $150 on Jun 17th
Profit Range: NFLX over $150.10 on Jun 17th
Estimated Commission (round trip): $5.60
downside stop @ $155
Realized Profit / Loss: $27 or 2.7% (pre commission)
