Closing Trade – V bull put spread

Stock / Symbol: Visa / V
Price at trade post: $67.91

Trade opened: Dec 17th

Option Strategy: bull put spread
Max Risk: $764
Max Reward: $236 or 30% by Jan 2011 expiration
Profit Range: $64.41 +
Max Reward Price: $65 + at Jan 2011 expiration

Reasoning: We've gotten a nice move up on V so we're going to close the trade here for a quick 18.84% gain.

Trade Details:

STC 4 V Jan11 62.5 Puts
BTC-4 V Jan11 65 Puts
for a net debit of $0.25 per contract

Realized Profit: $144
Return: 18.84% (before commissions)


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