Ticker: SMH
Price: $160.25
Date: 7/14/23 10:45 am EST
Underlying: Vaneck Semiconductor ETF

Est. Net Credit/Debit: $2000 credit

Master Portfolio Contracts: 10

Notes: We at the “full profit” level to the upside on the risk graph, so this is a good opportunity to close this trade early for profits of over $900.

TRADE ACTION 1: Close the credit spread for a debit of around 0.11

BTC 28 JUL 145 put
STC 28 JUL 140 put

TRADE ACTION 2:  Close the diagonal for a credit of around 2.10 – 2.32

STC 4 AUG 148 call
BTC 28 JUL 150 call

POSITION AFTER TRADE DETAIL:

we are out