As a potentially profitable opportunity presents itself, John will send you an alert with specific trade information as to what should be bought, when to buy it, and at what price.
Trade Alert-(MSFT)
Sell the Microsoft (MSFT) March, 2012 $28-$30 Call Spread for a net cost of $1.96 or best
Closing Trade
2-29-2012
expiration date: 3-17-2012
Portfolio weighting: 10% when in the money
($10,000/100/$1.85) = 54 Contracts
This alert is for existing holders to take a profit, not to initiate a new trade.
To execute this trade you must close two positions simultaneously:
1) Sell The (MSFT) March, 2012 $28 calls at $3.80.
2) Buy to cover the short position in the (MSFT) March, 2012 $30 call at $1.84.
We have taken 73% of the profit in this trade, and the risk reward ratio no longer warrants holding on to it.
Try placing an order for the spread, or both calls together in a combined number, in the middle market or you will pay too much in execution costs
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