Stock / Symbol: ProShares UltraShort 20+ Year Treasury / TBT
Option Strategy: iron condor
Trade entry date: Jun 24
Price at trade entry: $32.07
Price at this post: $34.33
Reasoning: With TBT looking like it'll finish the day trading above $34, we need to close out the call portion of the trade for a loss.
Trade Details:
[private_monthly]
BTC -5 TBT JulWk1 34 Calls
STC 5 TBT JulWk1 35 Calls
for a net debit of $0.35 per contract (Day Order, limit, options expire Jul 1st)
[/private_monthly]
Max Risk: $440
Max Reward: $60 or 13.64% by Jul 1st
Profit Range: $30.89 - $34.11 by Jul 1st
Max Profit at: $31 - $34 by Jul 1st
Realized Loss at Fill: $120
Speak Your Mind