Hello Investors,
We have decided to close the butterfly on AMZN for a small loss as discussed in class, details as follows:
Sell to close: AMZN Nov 29th (weekly) 215.00 strike call (ratio of 1)
Buy to close: AMZN Nov 29th (weekly) 225.00 strike call (ratio of 1)
Sell to close: AMZN Nov 29th (weekly) 235.00 strike call (ratio of 1)
Credit: 0.93 – order has filled
Taking a loss of -0.37 or -$37.00 per spread
We have hedged our EQT covered call first through buying a call spread. The call spread has been filled and we are in.
Buy to open: EQT Nov 15th (monthly) 42.50 strike call
Sell to open: EQT Nov 15th (monthly) 44.00 strike call
Debit: 0.73 – order has filled
Max risk = 0.73 or $73.00 (if the stock is below 42.50/share)
Max reward = 0.77 or $77.00 (if the stock is above 44.00/share)
We had placed a pending order to sell a put in EQT. The order has not filled at our credit price and we have decided to cancel the order going forward.
Cancel: EQT selling of the 42.00 strike put