Stock / Symbol: Peabody Energy / BTU
Option Strategy: calendar call spread
Adjustment: looks like we're not going to get filled at our desired price of $3.40 per contract. We're lowering our ask to $3.26 which will close the trade at a slight loss.
Trade Details:
[private_monthly]
STC 2 BTU Sep11 60 Calls
BTC -2 BTU Jul11 60 Calls
for a net credit of $3.26 per contract
[/private_monthly]
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