Closing Trade – F call spread

Stock / Symbol: Ford Motor Co. / F
Option Strategy: call spread
Date of trade entry: Nov 26, 2010
Price at trade post: $16.10

We're closing out our position in Ford for a nice 51% gain.

Trade Details:

STC 3 F Feb11 15 Calls
BTC -3 F Feb11 18 Calls
for a net credit of 2.00 per contract

Max Risk: $396
Realized Reward: $204 or 51.52%

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