This post is restricted to paying members. To follow are specific new trade details:
Stock / Symbol: Coinbase / COIN
Strategy: Bear Put Spread
Trade entry date / price: 17 Jul 2023 / $105.70
Price at this post: $96.75
Reasoning: With COIN trading down, near the short put, I'm taking profits on this short term trade.
Trade Exit Order:
STC 1 COIN 28Jul23 100 put
BTC 1 COIN 28Jul23 95 put
For a min net credit of $2.85 per contract (GTC order, limit order). The mid is currently at a credit of $2.75 I was just filled at $2.85
Analysis:
My Max Risk: $195
My Max Reward: $305 or 156% with COIN at/under $95 on Jul 28th
Profit Range: COIN below $98 at market close on Jul 28th
Estimated Commission (round trip): $2.60
Stop at ($100) loss
Realized Profit / Loss: $90 or 46% (pre commission)
