NYSE:CHK   CHESAPEAKE ENERGY CORP
I filled a substantially similar setup to this yesterday, but didn't have time to post.

It still looks good today, even though price has popped a bit.

Buy 100 Shares at 6.20
Sell Sept 30th 6.5 call
Entire Package: 5.70 ($570)
Max Profit: $80 (14% ROC , if called away at 6.50)
Comment: I originally opened this trade on August 16th, at which time I bought 100 shares at 5.88 and sold the Sept 30th 6 call for a 5.35 debit (a slightly diff setup than shown above when all was said and done). Price has now ripped through the 6 short call and is just shy of what I would get if called away at 6 (ROC's currently 10.7%). I looked at possibly rolling the short call up and out to attempt to capture part of this up move, but that doesn't look particularly productive credit wise, so I'm just going to attempt to close it out here tomorrow at NY open.
Trade closed manually: Covering this here for a 5.88 credit; $46 net profit per contract/100 shares.
United States
United Kingdom
India
Deutschland
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Support Priority Support Report Issue Ideas Published Followers Following Private Messages Chat Sign Out