Stock / Symbol: Kellog / K
Option Strategy: [private_monthly] diagonal call spread[/private_monthly]
Adjustment:[private_monthly] We didn't get filled yesterday at $3.10, so we're upping our bid to $3.15. [/private_monthly]
Order Adjustment : [private_monthly]
BTO 3 K Jun12 47.5 Calls
STO -3 K Jan12 50 Calls
for a net debit of $3.15 per contract (GTC, limit order)
[/private_monthly]
Max Risk: $945
Profit Range: $49.40 – 51.30 (Jan 20)
Max Profit: $110 or 11.6%% @ $50 by Jan 20
Suggested Upside Stop: @ $51.50
Speak Your Mind