FFIV:
Trade: Selling the FFIV April 120-115 Put Spread for $1.56. I sold the April 120 Puts for $3.50 and bought the April 115 Puts for $1.94.
Profitable: I make money on this trade if FFIV closes above $118.44 by April 20, 2012.
Break-even: I breakeven on this trade if FFIV closes at $118.44 by April 20, 2012.
Unprofitable: I lose money on this trade if FFIV closes under $118.44 by April 20, 2012. The most I can lose on this trade is the Price of the Spread can be worth $5 minus the Price I sold it for $1.56 for a total of $3.44.
UPDATE 4.23.2012 I had this position on and bought back my short Put Spread on Thrusday for $.04. Another big winner at KOTM.
MS:
Trade: Buying the MS APRIL 18-19 Call Spread and Selling the 17-16 Put Spread for $.15 total
Profitable: I make money on this trade if MS closes above $18.15 by April 20, 2012.
Break-Even: I breakeven on this trade if MS closes at $18.15 by April 20, 2012.
Unprofitable: I lose money on this trade if MS closes under $18.15 by April 20, 2012. The most I can lose on this trade is the Price of the Spread can be worth $1 plus the Price I bought it for $.15 for a total of $1.15.
UPDATE 4.23.2012 As MS rallied over the $18 level, I took this Spread off for $.32 for a nice double and moving to the next trade.
EBAY:
Trade: Selling the EBAY April 37-38 Call Spread and April 35-34 Put Spread for $.44 total.
Profitable: I make money on this trade if EBAY closes between $34.56-$37.44 by April 20, 2012.
Break-even: I break-even on this trade if EBAY closes at $34.56 or $37.44 by April 20, 2012.
Unprofitable: I lose money on this trade if EBAY closes under $34.56 or above $37.44 by April 20, 2012. The most I can lose is the Price the spread can be worth $1 minus the price I sold it for $.44 for a total of $.56
UPDATE 4.23.2012 I was offering this Spread in the book, but never got filled. The Spread would have achieved full value or $1
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