Closing Trade : HAIN

Closing TradeStock / Symbol: HAIN Celestial Group / HAIN

Option Strategy: butterfly call spread
Trade entry date: Sep 6
Price at trade entry: $72.49
Price at this post: $68.09

Reasoning: With our trade up over 30% in one week, time to take a profit. We got filled today for a credit of $2.50 [/private_monthly]

Closing Trade Details:[private_monthly]
STC 1 HAIN Sep12 65 call
BTC -2 HAIN Sep12 70 call
STC 1 HAIN Sep12 75 call
for a min net credit of $2.40 per contract (GTC, limit order).

Max Risk: $180
Max Reward: $320 or 177% at $70 by Sep 21
Profit Range: $66.59 - $73.42 by Sep 21
Suggested Upside stop: @ $73.45
Suggested Downside stop: @ $66.55
Realized / Profit Loss: $84.74 or 47% (pre-commission)
[/private_monthly]

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