CLOSE: AMSC Bull Call Spread +46.3%

On 5/29/08 I entered the trade as follows:
BOT VERTICAL AMSC JUN 08 30/35 CALL @ $3.35 debit

I saw the breakup through the ascending triangle formed since Dec 07 (see chart below). A bull call spread is a debit spread where you intend to go direction (buying a call ITM or ATM), but you are adding protection (selling a call OTM). I prefer to trade these shorter term since I cannot predict the stock's ultimate direction over the long term. Since it's a debit spread, I'd rather spend less by making it short term so I can get out quickly and redirect my profits on the next trade.



Today with a nice gap up, I exited:
SOLD VERTICAL AMSC JUN 08 30/35 CALL @ $4.90 credit

4.90-3.35/3.35= 46.3% ROI in 13 days