Trade Adjustment : X

Stock / Symbol: US Steel / X

Option Strategy: [private_monthly]diagonal call spread[/private_monthly]

Trade entry date: Mar 26
Price at trade entry: $29.66
Price at Apr 27 adjustment: $28.32
Price at Jun 12 adjustment: $18.20
Price at Aug 6 adjustment: $23.30
Price at this adjustment: $22.65

Current Position:[private_monthly]
Long 3 X Jan13 22.5 Calls
at an effective cost of $3.76 per contract
Short -2 X Aug12 23 Calls
at an effective credit of $0.78 per contract
[/private_monthly]

Adjustment: We've taken in a 11.7% uncalled return in under 2 weeks from the sale of the Aug 23 calls. We're rolling the short calls expiring today to next week's expiration.

Trade Adjustment Details:[private_monthly]

BTC -2 X Aug12 23 calls
STO -2 X AugWk4 23 calls
for a min credit of $0.30 per contract (current bid/ask = 0.32/ 0.35, day order, limit order)

[/private_monthly]

Max Risk: $921 (adjusted down from $1,130)
Max Reward: unlimited
Profit Range: $28.55+ by Aug 24

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