Stock / Symbol: iShares FTSE China 25 Index Fund / FXI
Option Strategy: bear call spread
Trade entry date: Feb 10
Price at trade entry: $41.37
Price at this post: $43.73
Reasoning: This trade was looking pretty ugly last month but with FXI's recent pullback, we're going to exit this trade with a profit on this current position which will help to offset a bit of the loss we took on the March calls. As always, this is a GTC limit order.
Trade Details:
BTC -5 FXI May11 43 Calls
STC 5 FXI May11 45 Calls
for a net debit of $0.86 per contract
Max Risk: $868
Max Reward: $200 or 25% (adjusted from 140 or 21.2%)
Profit Range: $0 - $43.40 (at May expiration)
Realized Loss if filled: -$243 or 28%
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