Trade Findings and Adjustments 08-11-2020

Trade Findings and Adjustments 08-11-2020

The Half & Half Trade

Leap Calls

Leap Deep ITM Long Call Jan 22 $50 = CB $54.25 ish

What is the Intrinsic Value 103.82 – 54.22 = $53.80

Extrinsic Value or Time Value = 54.25 – 53.80 = $0.45

Delta = 0.9902

Leap Bull Call Calendar

ITM Long Call Jan 22 $50 = $54.25

Short Call Jan 21 $115 = $4.42 Credit

Net Cost Basis = 54.25 – 4.42 = $49.83 for one contract $4,983.00

Reward 115-50 = $65 – 49.83= $15.17 or 15.17/49.83 ROI 30.44%