Tuesday, July 9, 2013

XLF Bear Call Spread for .23 Credit


Bear Call Spread













Sell to Open (price of the option you are selling):




0.24


Strike Price:

$20










Buy to Open (price of the option you are buying):




$0.01


Strike Price (lower):

$21










Amount of SHARES you are using:




500



1 Contract = 100 Shares











Margin Requirement (Maximum Risk):




-$615















Credit Received:

$115
[*net MAXIMUM gain for the trade…]









18.70%



Percent Return on Risk Amount



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