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Wednesday, January 25, 2012

Alert 23 - New SPX Credit Spread

SPX Credit Spread for a net credit of $0.35
(Sell SPX 27JAN12 1340.0 Call
Buy SPX 27JAN12 1345.0 Call)

Comments: 
New position at 2:00 PM; Credit of $0.35 by investing $4.65 (5-0.35)
About 7% gain if S&P closes below 1340 on Friday
Market is overbought

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Posted by at 11:09 AM

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