Stock / Symbol: [private_monthly]Amex SPDR Energy Select Index / XLE[/private_monthly]
Price at trade post: $75.49
Option Strategy: put spread
Reasoning: We're going to hedge our long energy positions with a put spread on [private_monthly]XLE[/private_monthly]
Max Risk: $206
Max Reward: $394 or 91% by Jul 15th
Profit Range: $0 - $73.97
Max Profit at: $0 - $72
Trade Details:
[private_monthly]
BTO 2 XLE Jul11 75 Puts
STO -2 XLE Jul11 72 Puts
For a net debit of $1.03 per contract
Requirements:
Cost/Proceeds $206.00
Option Requirement $0.00
Total Requirements $206.00
Estimated Commission $12.95
[/private_monthly]
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