Bull Call Spread (ETFs)
A Bull Call spread is a debit spread created by purchasing a Call with a lower strike price and selling a Call with a higher strike price. Both options expire in the same month. This is a bullish strategy and should be implemented when you expect the market to close above the strike price of the short Call option—the point of maximum reward (at expiration).
VXX $45.83
Buy to Open (1) Oct 11 40 C @ $8.45
Sell to Open (1) Oct 11 45 C @ $5.35
Net Debit: $3.10 ($310.00)
Breakeven: $43.10
Max. Profit: $190.00
Pct Return: 61.3% (41 days)
GDX $65.80
Buy to Open (1) Oct 11 62 C @ $5.85
Sell to Open (1) Oct 11 67 C @ $2.92
Net Debit: $2.93 ($293.00)
Breakeven: $64.93
Max. Profit: $207.00
Pct Return: 70.6% (41 days)
TLT $113.71
Buy to Open (1) Oct 11 109 C @ $6.40
Sell to Open (1) Oct 11 114 C @ $3.45
Net Debit: $2.95 ($295.00)
Breakeven: $111.95
Max. Profit: $205.00
Pct Return: 69.5% (41 days)
GLD $180.70
Buy to Open (1) Oct 11 172 C @ $13.50
Sell to Open (1) Oct 11 177 C @ $10.50
Net Debit: $3.10 ($310.00)
Breakeven: $175.10
Max. Profit: $190.00
Pct Return: 61.3% (41 days)
All positions displayed are for educational purposes only and are not intended to be recommendations.
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