Trade Adjustment : WMT

Stock / Symbol:Walmart / WMT

Option Strategy: [private_monthly]calendar call spread[/private_monthly]
Trade entry date: Mar 9
Price at trade entry: $60.18
Price at this adjustment: $62.30

Current Position:[private_monthly]
Long 5 WMT Jun12 60 Calls
Short -5 WMT Apr12 60 Calls
at a cost of $0.63 per contract[/private_monthly]

Adjustment: [private_monthly]With our short 60 strike calls ITM and expiring today, we're going to roll them to next week's 62.5 strike calls. For the time being, this move turns the trade into a diagonal call spread.[/private_monthly]

Trade Adjustment Details:[private_monthly]

BTC -5 WMT Apr12 60 Calls
STO -5 WMT AprWK4 62.5 Calls
for a net debit of $2.03 per contract (day order, limit order)

Note: if you're not filled by 3:30pm EST today, adjust your bid up until you're filled.


Max Risk: $1350
Max Reward: $20 @ 62.50 by Apr 27
Suggested downside stop: $61


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