Stock / Symbol: [private_monthly]Walmart / WMT [/private_monthly]
Option Strategy: diagonal call spread
Date of trade entry: May 26
Price at trade entry: $54.61
Current Position:
Long 1 WMT Jan12 50 Call
Short -1 WMT Oct11 52.5 Call
at an effective cost basis of $5.37 per contract
Adjustment: As our short 52.50 calls are in the money, we're going to roll them into OctWk4 52.50 calls. If we don't get a pullback by next Friday, we'll close this portion of the trade and configure a new position in the name.
Trade Adjustment Details:
[private_monthly]
BTC -1 WMT Oct11 52.5 Call
STO -1 WMT OctWk411 52.5 Call
for a net credit of $0.0 per contract (day order, limit order)
[/private_monthly]
[private_monthly]
Max Risk: $537
Max Reward: ($160) at $52.50 by Oct 28
Profit Range: NA
[/private_monthly]
Non-members, click here
Speak Your Mind