Stock / Symbol: GUESS? / GES
Option Strategy: long condor
Trade entry date: Aug 27
Price at trade post: $26.40
Price at this post: $28.05
Reasoning: Upside stop at $28 triggered.
Closing Trade Details:
STC 2 GES Sep12 25 call
BTC -2 GES Sep12 26 call
BTC -2 GES Sep12 27 call
STC 2 GES Sep12 28 call
for a min net credit of $0.25 per contract (GTC, limit order). Try to close at mid (currently at $0.30) less 5 cents.
Max Risk: $80
Max Reward: $120 or 150% between $26 & $27 by Sep 21
Profit Range: $25.40 to $27.60 by Sep 21
Suggested Upside stop: @ $28
Suggested Downside stop: @ $25
Realized Profit / Loss upon fill: ($30) pre-commission
Non-members, click here for access
Speak Your Mind