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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. |
FXI $37.80
Buy to Open (1) Dec 11 35 C @ $3.75
Sell to Open (1) Dec 11 40 C @ $0.81
Net Debit: $2.94 ($294.00)
Breakeven: $37.94
Max. Profit: $206.00
Pct Return: 70.1% (33 days)
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