MARCH

• Step 1.

02.03-24 – Order to buy a straddle May with a strike price of 185 (ATM) - $19.80. Long positions are open.

• Step 2.

06.03-24 - Order to buy Put May with the strike price of 200 (OTM) - $9.50. The order is canceled.

• Step 3.

07.03-24 - Order to buy Put May with the strike price of 200 (OTM) - $9.70. The order is canceled.

• Step 4.

12.03-24 - Order to buy Put May with the strike price 200 (OTM) - $9.85. The long position is open.

• Step 5.

10.04-24 - Order to sell Put May with the strike price 185 (OTM) - $9.50. The order is canceled.

• Step 6.

11.04.24 - Order to sell Put May with the strike price 185 (ITM) - $9.00. The long position is closed.

• Step 7.

12.04.24 - Order to sell Put May with the strike price 200 (ITM) - $22.00. The long position is closed.

• Step 8.

15.04.24 - Order to sell Call May with the strike price 185 (ATM) - $8.00. The long position is closed.

The entire calculation in combination is calculated per unit of measurement.

High - $198

Buy Put May 200

Low - $173

Buy Call May 175

Straddle - 185

Estimated share price points through the end of March 2024 and actions on them :

IBM