Stock / Symbol: Celsius Holdings / CELH
Strategy: Bear Call Spread
Trade entry date / price: 14 Mar 2024 / $94.45
Price at this post: $87.85
Update: With CELH touching its 17 day MA yesterday and today, as anticipated, I'm entering in an exit order here. If filled, I'll realize about a 15% return on risk. The current net position Greeks are: -6.8 Delta, -0.1 Gamma, 0.6 Theta, and -0.3 Vega.
Trade Exit Order:
STO 1 CELH 17May24 100 call
BTO 1 CELH 17May24 105 call
For a max net debit of $1.15 per contract (GTC order, limit order). The mid is currently at a debit of $1.15. I was just filled at $1.15.
Analysis:
My Max Risk: $335
Max Reward: $165 or 49% with CELH under $100 by May 17th
Profit Range: CELH under $101.50 by May 17th
Estimated Commission (round trip): $2.60
Upside Stop: $101.50
Realized Profit / Loss: $50 or 14.9% (pre commission)
