Stock Symbol: [private_monthly]BG[private_monthly]
Option Strategy: bull put spread
Max Profit: $350
Max Return: 53.85%
Profit Range: $58.25 +
Max Profit at: $60
Reasoning: [private_monthly]BG[private_monthly] is a Pro17 Sure Trade. We're going with this strategy to take advantage of the fact the this stock's options are also very highly priced right now due to a high implied volatility.
Trade Details:
[private_monthly]
Buy 2 BG NOV10 55 PUT @ $1.20 $240.00
Sell -2 BG NOV10 60 PUT @ $2.95 ($590.00) Credit
Requirements:
Cost/Proceeds ($350.00) Net Credit
Option Requirement $1,000.00
Total Requirements $650.00
Estimated Commission $12.95
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Chart:
[private_monthly]
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