Stock / Symbol: Visa / V
Option Strategy: diagonal call spread
Entry date: Apr 21st
Price at trade entry: $77.63
Price at time of this post: $78.80
Update: Today, we'll close out the call spread for a net credit of $8.50 per contract. We'll just let the protective put we included at trade entry expire worthless.
Closing Order:
STC 1 V Sep 72.5 Call
BTC -1 V May 80 Call
for a net credit of $8.50 per contract
Cost Basis: $756
Realized gain at fill: $90 or 12%
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