Stock Symbol: [private_monthly]CTXS[/private_monthly]
Option Strategy: bear call spread
Max Risk: $590
Max Reward: $410 / 69%
Profit Range: $0 - $62
Max Reward at: $0 - $60
Max Risk at: $65 +
Reasoning:
Citrix - CTXS has made a quick down move and has yielded us a nice 25% gain and we'd like to take some early profits here.
Trade Details:
[private_monthly]
STC 2 CTXS NOV10 65 CALL $1.10 ($220)
BTC -2 CTXS NOV10 60 CALL $2.30 $460
Requirements
Cost/Proceeds: $240
Gain / Loss: $150
Gain / Loss %: 25%
Chart:
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