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. |
AAPL $589.58
Buy to Open (1) Apr 12 590 C @ $27.00Sell to Open (1) Apr 12 595 C @ $24.30
Net Debit: $2.70 ($270.00)
Breakeven: $592.70
Max. Profit: $235.00
Pct Return: 85.1% (36 days)
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