Stock / Symbol: Microsoft / MSFT
Option Strategy: calendar call spread
Price at trade entry: $25.31
Price at this post: $25.03
Reasoning: With the pullback in the market, we're now up about 17% on the trade so we're going to take profits here.
Trade Details:
STC 6 MSFT Oct11 26 Calls
BTC -6 MSFT Aug11 26 Calls
for a net credit of $0.68 per contract (GTC, limit order)
Max Risk: $306 (adjusted down from $474)
Max Reward: $296 or 96% by Aug 19th
Profit Range: $24.85 - $27.37
Max Profit at: $26
Profit / Loss upon fill: $81.77 or 17.25%
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