Thursday, February 14, 2008

OPEN: WFC Call.Calendar



Looking at the chart, I see the trading range between 26 & 34 since Oct. Volatility has been neutral since then as well. The stock is right now near 30 currently.

So I Bought the Jul 30 Calls for $3.65 & Sold Mar 30 Calls for $1.95 for a total debit of $1.70.

If not called out:
1.95/3.65= 53.4% yield in 1 month

No stop Loss set because it's under $1.00.