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 $46.26
Buy to Open (1) Jan 12 118 C @ $5.20Sell to Open (1) Jan 12 123 C @ $2.27
Net Debit: $2.93 ($293.00)
Breakeven: $120.93
Max. Profit: $207.00
Pct Return: 70.7% (33 days)
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