Stock / Symbol: [private_monthly]Pepsi / PEP [/private_monthly]
Option Strategy: calendar call spread
Price at trade post: $64.62
Price at this adjustment: $65.70
Adjustment: Seeing as how it's not looking like [private_monthly]PEP[/private_monthly] will reach 67.50 by April expiration, and as we've managed to extract most of the premium out of the April calls we sold, we're going to adjust the trade here. We're going to roll the April calls into May calls.
Trade Details:
[private_monthly]
BTC -6 PEP Apr11 67.5 Calls
STO 6 PEP May11 67.5 Calls
for a net debit of $0.48 per contract
[/private_monthly]
Chart:
[private_monthly]
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