Stock / Symbol: The Trade Desk / TTD
Strategy: Bear Call Spread
Trade entry date / price: 13 Jul 2023 / $88.90
Price at this post: $82.45
Update / Reasoning: With TTD down about 7% from it's level at position entry, my return goal of 10% has been met. I'm entering in my exit order now.
Trade Exit Order:
BTC 1 TTD 20Oct23 105 call
STC 1 TTD 20Oct23 110 call
For a max net debit of $0.52 per contract (GTC order, limit order). The mid is currently at a debit of $0.54. I have not yet been filled.
Analysis:
My Max Risk: $404
My Max Reward: $96 or 23.7% with TTD under $105 by Oct 20th
Profit Range: TTD under $105.85 by Oct 20th
Estimated Commission (round trip): $2.60
Upside Stop: $102.50
Anticipated Profit / Loss upon fill: $44 or 10.9% (pre commission)
