Stock / Symbol: Microsoft / MSFT
Option Strategy: calendar call spread
Trade entry date: Aug 23
Price at trade entry: $24.64
Price at this post: $26.98
Reasoning: As the Sep11 25 calls are well in the money, we're going to close this trade for a profit here.
Trade Details:
STC 2 MSFT Apr12 25 Calls
BTC -2 MSFT Sep11 25 Calls
for a net credit of $1.47 per contract
Max Risk: $320 (adjusted down from $774)
Max Profit at: $25
Realized Profit / Loss Upon fill: $50 or 16% (pre commission)
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