Stock / Symbol: [private_monthly]Intel / INTC [/private_monthly]
Option Strategy: diagonal call spread
Trade entry date: Jun 24
Price at trade entry: $21.36
Price at this post: $23.32
Reasoning: We entered this trade with target making 19.79% by July 15th. At this point, our trade is already up 25%. We're going to lock in profits here.
Trade Details:
[private_monthly]
STC 3 INTC Jan12 21 Calls
BTC -3 INTC Jul11 22 Calls
for a net credit of $1.55 per contract (GTC / limit order)
then,
STC 3 INTC Jul11 23 Calls
for a net credit of $0.47 per contract (GTC / limit order)
Max Risk: $480
Max Reward: unlimited
Profit Range: $21.18 +
Profit at $22.50 target: $95 or 19.79% by Jul 15th
Profit upon fill: $123 or 25% (pre-commission)
[/private_monthly]
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