Stock / Symbol: S&P 500 ETF / SPY
Strategy: Bear Call Spread
Trade entry date / price: 22 Jul 2022 / $397.60
Price at this post: $416.30
Reasoning: Per my plan to stop out with the cost to buy back the spread at 2x the credit received, I'm stopping out.
Trade Exit Order:
BTC 1 SPY 16Sep22 420 call
STC 1 SPY 16Sep22 425 call
For a max net debit of $2.50 per contract (GTC order, limit order). The mid is currently at a debit of $2.40 and I was just filled at $2.40
Analysis:
Max Risk: $384
Max Reward: $116 or 30% with SPY under $420 on Sep 16th
Profit Range: SPY at/under $419 at market close on Sep 16th
Estimated Commission (round trip): $2.60
Realized Profit / Loss ($126) or -32.2% (pre commission)
