Stock / Symbol: [private_monthly]Pan American Silver / PAAS [/private_monthly]
Option Strategy: diagonal call spread
Trade entry date: March 18th
Price at trade entry: $34.81
Price at this adjustment: $30.57
Current Position:[private_monthly]
Long 2 PAAS Oct11 33 Calls
Short 2 PAAS Aug11 36 Calls
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Adjustment: We're going to roll the short Aug 36 calls into Sep11 34 calls to further lower our cost basis.
Trade Details:[private_monthly]
BTC -2 PAAS Aug11 36 Calls
STO -2 PAAS Sep11 34 Calls
for a net credit of $0.65 per contract (day, limit order)
Max Risk: $712 (lowered from $820)
Max Reward: ($192) by Sep expiration
Profit Range: NA
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