Stock / Symbol: GameStop / GME
Strategy: Vertical Put Spread
Trade entry date / price: 03 Jun 2022 / $132.50
Trade exit date / price: 13 Jun 2022 / $118
Update: At 8:47am PST on Monday, June 13th, my exit order was filled.
Trade Recap:
Long 1 GME 15Jul22 155 put
Short 1 GME 15Jul22 150 put
Entered for a net debit of $3.90 per contact and exited for a net credit of $4.21 per contract. 7.9% return in 10 days.
Analysis:
Max Risk: $390
Max Reward: $110 or 28% with GME under $150 on Jul 15th
Profit Range: GME under $150 at market close on Jul 15th
Estimated Commission (round trip): $2.60
Suggested Upside Stop @ $149
Realized Profit / Loss: $31 or 7.9% (pre commission)
