Stock / Symbol: [private_monthly]Walmart / WMT [/private_monthly]
Option Strategy: calendar call spread
Price at trade entry: $54.61
Price at this post: $53.04
Adjustment: As [private_monthly]WMT[/private_monthly] closed under $55 by June expiration, our short June calls expired worthless, giving us an uncalled return of 33%. We're now selling the July 55 calls. As usual, we're using a GTC limit order as it may take a day or two to get filled.
Current Position:
[private_monthly]
Long 6 WMT Sep11 55 Calls
[/private_monthly]
Trade Details:
[private_monthly]
STO -6 WMT Jul11 55 Calls
for a net credit of $0.15 per contract
Max Risk: $510 (adjusted from $588)
Max Reward: $400 or 78% by Jul 2011 expiration
Profit Range: $53.44 - $56.75
Max Profit at: $55
Uncalled Return: 15%
[/private_monthly]
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