Stock / Symbol: Altria / MO
Option Strategy: diagonal call spread adjustment
Date of trade open: March 3rd
Price at trade entry: $25.40
Price at trade exit: $25.95
Max Risk: $48
Max Reward: unlimited
Realized Reward: $68 or 141%
Details: With Altria up nicely today, we closed out the call we added to the original diagonal call spread for upside protection. On the original portion of the trade, we captured a 24% return. This final leg gives us an additional $68 of profit on the trade.
Trade Details:
STC -4 MO Apr11 26 Calls
for a net credit of $0.29 per contract
Non-members, click here for access
Speak Your Mind