Stock / Symbol: [private_monthly]Walt Disney Co / DIS[/private_monthly]
Option Strategy: calendar call spread
Trade entry date: Jun 7
Price at trade entry: $39.82
Price at this post: $39.23
Adjustment: We're going to roll the short Jul 40 calls in to Aug 40 calls. If you're not currently in this trade, scroll to the bottom of this post for the new trade details:
Trade Details:
[private_monthly]
BTC -2 DIS Jul11 40 Calls
STO -2 DIS Augl11 40 Calls
for a net credit of $0.79 per contract
Max Risk: $310 (adjusted down from $510 at trade entry)
Max Reward: $177 or 57% with stock at $40 by Aug 2011 expiration
Profit Range: $38.07 - $42.16
If you're not currently in this trade, you may enter the trade as follows:
[private_monthly]
BTO 2 DIS Jan12 40 Calls
STO -2 DIS Augl11 40 Calls
for a net debit of $1.53 per contract (GTC, limit order)
[/private_monthly]
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