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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 $71.26
Buy to Open (1) Dec 11 70 C @ $4.25
Sell to Open (1) Dec 11 75 C @ $1.44
Net Debit: $2.81 ($281.00)
Breakeven: $72.81
Max. Profit: $219.00
Pct Return: 77.9% (40 days)
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