OPENING: INTC APRIL 16TH 37.5/FEBRUARY 19TH 45 MONIED LCD*
Updated
*Long Call Diagonal
... for a 6.83 debit.
Notes: The smaller account, skip month long call diagonal referenced in my INTC (IRA) Post (See Below). Buying the back month 90, selling the front month monied 75.
Metrics:
Max Profit: .67
Max Loss: 6.83
ROC at Max: 9.8%/70.1% annualized.
Break Even: 44.33
Delta/Theta: 17.45/1.4
... for a 6.83 debit.
Notes: The smaller account, skip month long call diagonal referenced in my INTC (IRA) Post (See Below). Buying the back month 90, selling the front month monied 75.
Metrics:
Max Profit: .67
Max Loss: 6.83
ROC at Max: 9.8%/70.1% annualized.
Break Even: 44.33
Delta/Theta: 17.45/1.4
Trade closed manually
Yeesh. Turned into a ripper. With <.10 of extrinsic left in the short call, not a ton of sense in hanging out in the play for another 36 days. Had to fiddle a bit, since the April long isn't all that liquid, but got filled for .12 short of max. .55 profit, 7.33% ROC.
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