I placed this debit spread as C was bouncing off of support. Initially I had not planned on being in the trade that long. I thought it would bounce up quickly. Took longer than I had hoped but was still able to get out with a good return.
When I entered the trade C was trading at $59.25. When I finally closed it was at $61.14.
Finished with a profit of $300.00 on a risk of $1,048.44. A return of 25.09% in 18 days.
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Date
Sym
Exp
Strike
Price
C
Type
Cost
Balance
04/27/17
C
BTO
‘JUL17
$60.00
-$2.20
10
C
-$2,200.00
-$2,200.00
04/27/17
C
STO
JUL17
$62.50
$1.17
10
C
$1,170.00
-$1,030.00
05/15/17
C
STC
JUL17
$60.00
$2.96
10
C
$2,960.00
$1,930.00
05/15/17
C
BTC
JUL17
$62.50
-$1.63
10
C
-$1,630.00
$300.00
Profit:
$300.00