Trade Update – Calendar Spread

[private_monthly]CHK[/private_monthly] calendar spread:

Bought long call at 5.00.  Current bid = 5.5

Sold short call for .47.  Current ask = .61

Net debit = 4.53

Current value = 4.89 (up 7.9%).

Action: sell for net credit of $4.85 or higher as soon as possible for a minimum gain of 7%

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