This post is restricted to paying members. To follow are specific active trade details:
Stock / Symbol: SAP SE ADR / SAP
Strategy: Bear Call Spread
Trade entry date / price: 14 Nov 2022 / $110
Price at this post: $107.85
Update: Wanting to be sure to get filled by the close of this week, I'm raising my bid to $0.65 per contract.
Adjusted Exit Order:
BTC 1 SAP 17Mar23 125 call
STC 1 SAP 17Mar23 130 call
For a max net debit of $0.65 per contract (GTC order, limit order). The mid is currently at a debit of $0.60 I was just filled at $0.65
Analysis:
Max Risk: $405
Max Reward: $95 or 23% with SAP under $125 on Mar 17th
Profit Range: SAP at / under $125.80 on Mar 17th
Estimated Commission (round trip): $2.60
Upside stop @ $120.50
Realized Profit / Loss: $30 or 7.4% (pre commission)
