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Crashy does bull spread on NCP

  1. crashy

    1,741 Posts.

    05/07/02
    16:08:17
    34139
     
    Bought 10 1150 calls last week for 21.5c
    Sold to open 20 1200 calls today for 11c.

    Payoff looks like this:

    1150 or below $100.00
    1162 $1,350.00
    1175 $2,600.00
    1187 $3,850.00
    1200 $5,100.00
    1212 $3,850.00
    1225 $2,600.00
    1237 $1,350.00
    1250 $100.00
    1263 $(1,150.00)

    Since NCP long term trendline is 1250 I dont expect anything over 1250. I can always exit trade before 1250 anyhow.
    Obviously I would like to see 1200 at expiry.
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