August 5, 2010 – At Options Profits, Mark Sebastian suggested his readers buy September calls of Northern Trust Bank (NTRS) with a strike of 55 at .30 or better.
AAPL Jan’11 270/280 Bull Call Spread – The most I could lose was $450 + $30 round-trip commissions. If AAPL were to close at $274.50 on expiration, I would break even. And if it closed at $280 or better, I would realize the maximum possible profit on the trade $550.
I’ve already gone into some detail about the Motley Fool Options service (see Motley Fool’s “4 Proven Options Strategies”). I’ve been subscribed to the service since January now, and am unimpressed. They pretty much have restricted themselves to writing puts and, if the puts are exercised, writing covered calls on the underlying stock. If you have […]