Stock / Symbol: Halliburton / HAL
Option Strategy: diagonal call spread
Trade entry date: Nov 8
Price at trade entry: $38.26
Price at this post: $37.64 (pre-market)
Update: Our closing order was not filled yesterday but we still have it open. If we don't get filled by 3pm EST, we may cancel the order and roll the short call to next week (or) simply allow the short 39 call to expire worthless for an uncalled return of 8.8% and look to sell another weekly call on Monday.
Trade Details:
[private_monthly]
STC 1 HAL Apr12 30 call
BTC -1 HAL Nov11 39 call
for a net credit of $10.45 per contract (GTC, limit order)
Max Risk: $928
Max Profit: @ $150 or 16% @ $39 by Nov exp
Profit Range: $37.50 - $48 by Nov exp
Uncalled Return: 8.8%
Realized Profit / Loss upon fill: $117 or 12% (pre-commission)
[/private_monthly]
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