Stock / Symbol: Comcast / CMCSA
Option Strategy: diagonal call spread
Trade entry date: Sep 9
Price at trade entry: $20.83
Update: Closing for a CREDIT of $1.65 per contract
Trade Details:
STC 5 CMCSA JAN12 20 Calls
BTC 5 CMCSA OCT11 21 Calls
for a net credit of $1.65 per contract (GTC, limit order)
Max Risk: $645
Profit Range: $19.60 - $24.20 (Oct11 exp)
Max Profit: $400 or 61.5% @ $21 by Oct exp
Realized Profit / Loss Upon Fill: $180 or 27.9% (pre-commission)
Speak Your Mind