Saturday, January 28, 2012

Bull Call Spread (30 Jan 12): SLV

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 @ $4.50
Sell 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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