Stock / Symbol: Pepsi / PEP
Option Strategy: calendar call spread
Entry date: Mar 11th
Price at trade entry: $64.62
Price as of this post: $71.40
Update: With the May calls we sold well in the money, we're closing out the entire position.
Closing order:
STC 6 PEP Jul 67.5 Calls
BTC -6 PEP May 67.5 Calls
for a net credit of $0.20 per contract
then
STC 6 PEP Jun 72.5 Calls
for a net credit of $0.44 per contract
Adjusted Cost Basis: $240
Realized Gain at fill: $50.85 or 20%
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