Closing Trade – GE combo

Stock / Symbol: General Electric / GE
Price at trade opening: $16.58

Option Strategy: combo (short put / long call)
Max Risk: $1,575
Max Reward: unlimited
Profit Range: $16.76+

Reasoning: This trade has performed nicely and we'd like to lock in profits here to guard against a possible short term pull back in GE.

Trade Details:
BTC -1 GE Jan11 15 Put @ $0.06
STC 1 GE Jan11 16 Call @ $1.79
for a net credit of $1.73 per contract

Profit: $98
Return: 6.22% (before commissions)


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