Stock / Symbol: [private_monthly]Exelon / EXC[/private_monthly]
Option Strategy: double calendar call spread
Price at trade post: $42.00
Reasoning: We're going to add a 42 strike calendar to our existing position in [private_monthly]EXC[/private_monthly]. This will give us a wider profit range and more downside protection.
Max Risk: $624 (inc 43 strike cal)
Profit Range: $41.40 - $43.50
Max Reward: $180 or 28.85% @ 42 - 43 by Sep 2011
Suggested downside stop: $41.40
Suggested upside stop: $43.50
Trade Details:[private_monthly]
BTO 4 EXC Oct11 42 Calls
STO 4 EXC Sep11 42 Calls
for a net debit of $0.80 per contract (day order, limit order)
[/private_monthly]
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