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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%
