One to watch near 26.40
SLW (silver miner)(watch silver & gold charts):
current stock price = 28.50
Call Spread:
Buy Oct16 26 Call >>3.35
Sell Oct16 31 Call >> .95
Total Cost = $240
Max Profit = $260 (with stock returning to recent highs)
ROI = 108%
***Both strikes will be different if price falls near 26.40 (buy approx. 2-2.50 ITM)
SLW (silver miner)(watch silver & gold charts):
current stock price = 28.50
Call Spread:
Buy Oct16 26 Call >>3.35
Sell Oct16 31 Call >> .95
Total Cost = $240
Max Profit = $260 (with stock returning to recent highs)
ROI = 108%
***Both strikes will be different if price falls near 26.40 (buy approx. 2-2.50 ITM)