Closing Trade : Calendar Call spread

Stock / Symbol: Peabody Energy / BTU
Option Strategy: calendar call spread

Trade entry date: May 19
Price at trade entry: $59.54

Reasoning: With earnings approaching next Tuesday, we're going to take a shot at closing the trade here for around breakeven. If we don't get filled by 3pm EST today, we'll either ratchet our ask price down or roll the short July 60 calls into Aug 60 calls

Trade Details:
[private_monthly]

STC 2 BTU Sep11 60 Calls
BTC -2 BTU Jul11 60 Calls
for a net credit of $3.40 per contract

[/private_monthly]

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