Closing Trade – CSTR diagonal call spread

Stock Symbol: CSTR

Action:
BTC -1 CSTR NOV10 50 CALL
STC 1 CSTR APR11 45 CALL
for a net credit of $7.00

Option Strategy: diagonal call spread
Stock Price at Trade Entry: $47.21
Max Risk: $570
Realized Reward: $130
Return: 22.81% (before commissions)

Chart:

Non-members, click here for access

Speak Your Mind

*