Friday, October 01, 2010

Another Quick Update

Sold Research In Motion (RIMM) Oct $52.50 calls for 0.53 against the Oct $50 calls I bought earlier this week at $1.20.

This means that I've effectively established a Bull Call Spread $50-$52.50 at a price of $0.67.

Excluding commissions, etc...

Break-even at $50.67
Max Loss (-$0.67) at $50 or below
Max Gain (+$1.83) at $52.50 or above

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