Stock / Symbol: [private_monthly]Whole Foods Market / WFMI [/private_monthly]
Price at trade post: $50.99
Option Strategy: call spread
Max Risk: $723
Max Reward: $177 or 24% by Jan 2011 expiration
Profit Range: $49.41
Max Reward Price: $50 + at Jan 2011 expiration
Reasoning: The technicals and fundamentals are strong with this stock. This trade has a 65% probability of closing above our break even at $49.41 by January expiration
Trade Details:
[private_monthly]
Buy 3 WFMI Jan11 47 Calls @ $4.23 for $1,269.00
Sell -3 WFMI Jan11 50 Calls @ $1.82 for ($546.00)
for a net debit of $2.41 per contract
Requirements:
Cost/Proceeds $723.00
Option Requirement $0.00
Total Requirements $723.00
Estimated Commission $12.95
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Chart:
[private_monthly]
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