Closing Trade : FITB diagonal call spread

Stock / Symbol: [private_monthly]Fifth Third Bancorp / FITB[/private_monthly]

Opening Option Strategy: diagonal call spread
Trade entry date: April 1
Price at trade entry: $14.04
Price at this post: $11.72

Reasoning: We've managed to improve this trade quite dramatically from when FITB was trading in the low 9's in August. With our long calls expiring next month, we're going to close the position here.

Trade Details:[private_monthly]
STC 4 FITB Nov11 10 Calls
BTC -4 FITB Oct11 12 Calls
for a net credit of $1.90 per contract (day order, limit order)

Max Risk: $1,096
Max Reward: ($260) @ 12 by Oct11 exp
Realized Profit / Loss Upon fill: ($336) pre-commission
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