Trade Adjustment – calendar call spread

Stock / Symbol: [private_monthly]Microsoft / MSFT[/private_monthly]

Option Strategy: calendar call spread
Price at trade entry: $25.31
Price at this post: $24

Adjustment: We're going to roll our short Jun 26 calls into Aug 26 calls to further reduce our cost basis. We've have taken in a 22% uncalled return on the June calls.

Trade Details:
[private_monthly]

BTC -6 MSFT Jun11 26 Calls
STO 6 MSFT Oct11 26 Calls
for a net credit of $0.27 per contract
[/private_monthly]

Max Risk: $306 (adjusted down from $474)
Max Reward: $296 or 96% by Aug 19th
Profit Range: $24.85 - $27.37
Max Profit at: $26
Uncalled Return: 35%

[/private_monthly]

Non-members, click here for access

Speak Your Mind

*