Closing Trade – PAY diagonal call spread

Stock / Symbol: Verifone / PAY
Option strategy: diagonal call spread
Price at trade opening: $34.77
Price at Dec 17th adjustment: $40.21
Price at closing: $41.23

We're closing the position here for a 12.51% gain.

Closing Details:
STC 1 PAY Apr11 34 Call
BTC -1 PAY Jan11 42 Call
for a net credit of $7.70 per contract and a total credit of $770

Max Risk: $660 (adjusted)
Realized Reward: $82.53 or 12.51% (before commissions)

Chart:

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