Stock / Symbol: Infosys / INFY
Price at trade post: $56.50
Option Strategy: [private_monthly]double calendar call spread[/private_monthly]
Reasoning: With a trading range between $59.18 and $55.24 over the last 30 days, we're going to [private_monthly] take advantage of the juicy options premiums in this name and go with a double calendar. This trade fully ripens by next friday and our profit range will be between $52 - $61.[/private_monthly]
Trade Details:
[private_monthly]
BTO 3 INFY Jul12 55 calls
STO -3 INFY Apr12 55 calls
BTO 3 INFY Jul12 57.5 calls
STO -3 INFY Apr12 57.5 calls
for a max net debit of $3.50 per contract (day order, limit order)
Requirements:
Cost/Proceeds $1050.00
Option Requirement $0.00
Total Requirements $1050.00
Estimated Commission $15
[/private_monthly]
Max Risk: $1050
Max Reward: $800 or 75% by Apr 20
Profit Range: $52 to $61 with max profit between $55 - $57.5 by Apr 20
Suggested Downside Stop @: $52
Suggested Upside Stop @: $61
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