Stock Symbol: BG
Option Strategy: bull put spread
Update: We're going to take advantage of today's big market up move and close our our BG trade here buy buying back the postion between $0.15 to $0.20 for a 45% to 50% gain.
Date Entered: Oct 12th
Price at Trade Open: $60.82
Current Gain / Loss: +45%
Max Profit: $340
Max Return: 51.52%
Max Risk: $660
Profit Range: $58.30 +
Max Profit at: $60 (at November expiration)
Trade Details:
BTC -2 BG NOV10 60 PUTS
STC 2 BG NOV10 55 PUTS
for a net debit of $0.20 per contract or $40
Chart:
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