Stock / Symbol: [private_monthly]Walt Disney Co / DIS[/private_monthly]
[private_monthly]
Current Option Strategy: calendar call spread
Trade entry date: Jun 7
Price at trade entry: $39.82
Current Position:
[private_monthly]
Long 2 DIS Jan12 33 Calls
Short -2 DIS Oct11 33 Calls
at an effective cost basis of $3.59 per contract
Adjustment: With our short calls ITM, we're going to roll them to Nov11 34 strike calls. This will change the strategy from a calendar to a diagonal call spread.
Trade Details:
[private_monthly]
BTC -2 DIS Oct11 33 Calls
STO -2 DIS Nov11 34 Calls
for a net credit of $0.02 per contract
Max Risk: $714
Max Profit: ($230) @ $34 by Nov expiration
[/private_monthly]
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