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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. |
XLE $73.04
Buy to Open (1) Nov 11 70 C @ $4.10
Sell to Open (1) Nov 11 75 C @ $1.01
Net Debit: $3.09 ($309.00)
Breakeven: $73.09
Max. Profit: $191.00
Pct Return: 61.8% (21 days)
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