Stock / Symbol: Coca-Cola Company / KO
Option Strategy: calendar call spread
Trade entry date: Nov 14
Price at trade entry: $67.46
Price at this post: $67.67
Reasoning: This trade on KO couldn't have worked out better. We're going to close the trade now for around a 20% profit in 5 days time.
Trade Details:
STC 4 KO Feb12 67.5 Calls
BTC -4 KO Nov11 67.5 Calls
for a net credit of $2.28 per contract (day order, limit order)
Max Risk: $752
Max Reward: $200 or 26.6% @ $67.5 by Nov 18th
Profit Range: $66.40 - $68.50 by Nov 18th
Profit / Loss upon fill: $168 or 22% (pre-commission)
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Thanks Mike ! MY first 20% win, and i just got started. This is all new to me, and i’m learning new option strategies big time. Thanks again
Jamal