New Trade-Call Spread

Stock Symbol: [private_monthly]GT[/private_monthly]

Price at time of Trade: $10.07
Target Price: $11
Option Strategy: Call Spread

Reasoning
[private_monthly]Goodyear Tire & Rubber CoT[/private_monthly]  has lost 2/3 of it's market cap this year. It is best of breed, and should benefit from weakened oil prices. Additionally, [private_monthly]GT[/private_monthly] should benefit from a rebound in the auto sector. The stock just reversed and has 30% upside to fill in the chart, technically. We expect the stock to move up to $11 within the next 60 days. With our call spread option strategy, we're risking $500 to make $500 or double our money.

Trade Details:
[private_monthly]
Buy 5 GT JAN11 9 CALLS @ $1.90
Sell -5 GT JAN11 11 CALLS @ $0.90

Requirements:
Cost/Proceeds $500.00
Option Requirement $0.00
Total Requirements $500.00
Estimated Commission $12.95

[/private_monthly]

Chart:
[private_monthly]

[/private_monthly]

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