Closing Order Adjustment – WMT calendar spread

Stock / Symbol: Wal-Mart / WMT
Option Strategy: calendar call spread

Trade entry date: Apr 6
Price at trade entry: $53.03
Price at this post: $55.54

Reasoning: Looks like we'll need to modify our closing order from a net credit of $1.60 per contract to $1.55 in order to get filled today.

So, modify the existing order to:
STC 6 WMT Sep11 55 Calls
BTC -6 WMT May11 55 Calls
for a net credit of $1.55 per contract

Max Risk: $468
Reward upon fill: $492 or 98%

Non-members, click here for access

Speak Your Mind