Stock / Symbol: [private_monthly]Yum Brands / YUM [/private_monthly]
Price at trade entry: $55.
Option Strategy: butterfly call spread
Reasoning: We were assigned on the short 50 call so we're going to close the trade out here.
Trade Details:
[private_monthly]
Buy to Cover 100 Shares YUM @ Ask Price
then,
STC 2 YUM Jul11 55 Calls
BTC -1 YUM Jul11 60 Call
for a net credit of $2.48 per contract
[/private_monthly]
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