I've opened a May bull call spread on BBY. The price was $44.33 when the deal closed, for a 49¢ debit on the options contracts.
A bull call spread makes money if a stock trades sideways or goes up. In this case, I structured it by selling the $45 call option and buying the $44 call. The trade is profitable at expiration from about $44.46 and up, hitting maximum proift at $45 and maximum loss at $44.
I did an analysis before deciding to enter the trade that outlines the technical reasoning.
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