Stock / Symbol: [private_monthly]Sina Corp / SINA [/private_monthly]
Price at trade post: $116.16
Option Strategy: bear call spread
Reasoning: With earnings season in full swing, we're looking to take advantage of volatility. That said, with BIDU reporting a solid number with good guidance, other Chinese stocks are up in sympathy. Fundamentally, [private_monthly]SINA [/private_monthly] is worth just $17.67 a share and is technically peaking. This trade has a 86% probability of success.
Max Risk: $930
Max Reward: $70 or 7.5% by July 29th
Profit Range: $0 - $125.00
Max Profit at: $0 - $125.35
Trade Details:
[private_monthly]
STO -2 SINA JulWk5 125 Calls
BTO 2 SINA JulWk5 130 Calls
for a net credit of $0.35 per contract
[/private_monthly]
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