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. |
SLV $32.96
Buy to Open (1) Mar 12 29 C @ $4.50Sell to Open (1) Mar 12 34 C @ $1.40
Net Debit: $3.10 ($310.00)
Breakeven: $32.10
Max. Profit: $190.00
Pct Return: 61.3% (48 days)
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