Associate Option Battle 10.3.2012

Associate Jim:

Trade: Buy 28 MAR Oct 41-43 Call Spreads for $0.35

Risk: $35 per 1 lot

Reward: $165 per 1 lot

Notes: I think the stock will rally on earnings, Its trading a few
points below its 52 week high.  I think it could break out above 52
week high territory

Associate Alex:

I am long 2 lot of Mastercard (MA) weekly 460-470-480 Iron Butterfly for a net credit of $5.02 (Short Put Spread/Short Call Spread)

My risk is $408 per one lot

My reward is $502 per one lot

Why: I like this trade because Mastercard made a huge move today and I think it will  trade within a tight range for the rest of the week due to traders waiting to see what happens next before buy or selling. I hope this will last till Friday.