Stock / Symbol:Walmart / WMT
Option Strategy: [private_monthly]calendar call spread[/private_monthly]
Trade entry date: Mar 9
Price at trade entry: $60.18
Price at this adjustment: $58.95
Current Position:[private_monthly]
Long 5 WMT Jun12 60 Calls
Short -5 WMT MayWk1 60 Calls
at an effective cost of $2.47 per contract[/private_monthly]
Reasoning: [private_monthly]With our long calls expiring in 42 days and with the upcoming risks of the ex-dividend on May 9th and earnings on May 17, we're going to close the trade here. If your account has the capital to allow you to be naked the short 60 strike calls that expire today, don't bother buying them back here.[/private_monthly]
Closing Trade Details:[private_monthly]
STC 5 WMT Jun12 60 Calls
BTC -5 WMT MayWk1 60 Calls
for a net credit of $0.75 per contract (current bid/ask at $0.75/$0.77, day order, limit order)
Note: if you're not filled by 3pm EST today, adjust your ask down in order that you're able to exit the trade today.
Max Risk: $1265
Max Reward: NA (salvage)
Suggested downside stop: $58
Suggested upside stop: $62
Realized Profit / Loss upon fill: ($886)
[/private_monthly]
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