Stock / Symbol: [private_monthly]Exelon / EXC[/private_monthly]
Option Strategy: double calendar call spread
Price at this post: $43.03
Adjustment: We have not gotten filled on this spread so we're going to cancel the order. Then, we're going to re-submit just the 43 strike calendar. If [private_monthly]EXC[/private_monthly] is then trading at around $43.55 or higher, we'll look to add the 44 strike calendar.
Cancel Order:[private_monthly]
BTO 4 EXC Oct11 43 Calls
BTO 4 EXC Oct11 44 Calls
STO 4 EXC Sep11 43 Calls
STO 4 EXC Sep11 44 Calls
then,
BTO 4 EXC Oct11 43 Calls
STO 4 EXC Sep11 43 Calls
for a net debit of $0.80 per contract (GTC, limit order)
[/private_monthly]
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