Bull Call Spread (16 Apr 12): IBM $202.80

IBM $202.80
Buy to Open (1) May 12 200 C @ $6.45
Sell to Open (1) May 12 205 C @ $3.65
Net Debit: $2.80
Breakeven: $202.80
Max. Profit: $220.00
Max. Return: 78.6% (33 days)