Thursday, March 15, 2012

Bull Call Spread (15 Mar 12): SPY

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.

SPY  $139.91
Buy to Open (1) Apr 12 137 C @ $4.10
Sell to Open (1) Apr 12 142 C  @ $1.23 
Net Debit: $2.87 ($287.00)
Breakeven: $139.87
Max. Profit: $213.00
Pct Return: 74.2% (36 days)

No comments:

Post a Comment