Break-even: I breakeven on this trade if HLF closes at $60.70 by May 18, 2012.
Unprofitable: I lose money on this trade if HLF closes above $60.70 by May 18, 2012. The most I can lose on this trade is the Price of the Spread can be worth $2.50 minus the Price I sold it for $.70 or a total of $1.80.
UPDATE 5.2.2012 With HLF selling off once again today, this spread is decreasing in value by the day. It is currently worth $.40, but I will leave this trade on, because I do not think HLF can rally through the $60 level between now and May expiration.
UPDATE 5.3.2012 With this spread currently worth $.10, I am trying to buy it back and take the trade off, because even though the stock is very weak I am not willing to risk $2.40 to make an extra trade for $.10. Another winner at KOTM
UPDATE 5.4.2012 I closed this trade out this trade for $.10, another winner and time to move on to the next trade.
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