The trade is to buy the stock for $52.00 and sell the Nov12 45 Calls for $7.60. This trade has a breakeven of $44.40 and would yield a return of around 14%. We risk the stock going to zero for a max reward of what we sold the call for.
The trade is to buy the stock for $52.00 and sell the Nov12 45 Calls for $7.60. This trade has a breakeven of $44.40 and would yield a return of around 14%. We risk the stock going to zero for a max reward of what we sold the call for.