New Trade : Bear Call Spread

Stock / Symbol: [private_monthly]Sina Corp / SINA [/private_monthly]
Price at trade post: $116.16
Option Strategy: bear call spread

Reasoning: With earnings season in full swing, we're looking to take advantage of volatility.  That said, with BIDU reporting a solid number with good guidance, other Chinese stocks are up in sympathy.  Fundamentally, [private_monthly]SINA [/private_monthly] is worth just $17.67 a share and is technically peaking.  This trade has a 86% probability of success.

Max Risk: $930
Max Reward: $70 or 7.5% by July 29th
Profit Range: $0 - $125.00
Max Profit at: $0 - $125.35

Trade Details:
STO -2 SINA JulWk5 125 Calls
BTO 2 SINA JulWk5 130 Calls
for a net credit of $0.35 per contract


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