Saturday, November 26, 2011

Bull Call Spread (28 Nov 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 $120.80
Buy to Open (1) Dec 11 117 C @ $4.75
Sell to Open (1) Dec 11 122 C @ $1.79 
Net Debit: $2.96 ($296.00)
Breakeven: $119.96
Max. Profit: $204.00
Pct Return: 68.9% (20 days)

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