Stock / Symbol: Ford / F
Option Strategy: diagonal call spread
Price at trade entry: $15.03
Price at this post: $15.65
Reasoning: Ford looks like its going to pull back a bit here so we're going to take profits on this trade. We'll look to re-enter the trade with Ford back around $14.
Trade Details:
STC 4 F Sep11 14 Calls
BTC -4 F Apr11 16 Calls
for a net credit of $2.22 per contract
Max Risked: $716
Max Reward: $391 or 54% by Apr expiration
Profit Range: $14.55 + by Apr expiration
Max Profit at: $16
Realized Reward once filled: $172 or 24%
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