Saturday, October 8, 2011

Bull Call Spread (10 Oct 11): TLT

Look for a bullish market where you anticipate a modest increase in the price of the stock above the price of the short Call option.
TLT  $118.24
Buy to Open (1) Nov 11 113 C @ $7.10
Sell to Open (1) Nov 11 118 C @ $4.00 
Net Debit: $3.10 ($310.00)
Breakeven: $116.10
Max. Profit: $190.00
Pct Return: 61.3% (41 days)

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