Closing Trade : KO butterfly call spread

Stock / Symbol: [private_monthly]Coca-Cola Company / KO [/private_monthly]

Option Strategy: calendar call spread
Trade entry date: Dec 8
Price at trade entry: $67.01
Price at this post: $66.98

Reasoning: When we entered the position, we had a goal of closing the trade for a 20% gain within a week. With our position expiring this Friday, we're going to close it here for around a 40% profit.

Trade Details:

STC 2 KO Dec11 65 Calls
BTC -4 KO Dec11 67.5 Calls
STC 2 KO Dec11 70 Calls
for a net credit of $1.77 per contract (GTC, limit order)

Max Risk: $252
Max Reward: $145 or 57.5% @ $67.5 by Dec 16th
Profit Range: $66.30 - $68.60 by Nov 18th
Realized Profit / Loss Upon fill: $102 or 40% (pre-commission)


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