IBM:
Trade: Buying the IBM April 210-215 Call Spread for $1.00. I bought the April 210 Calls for $1.45 and sold the April 215 Calls for $.45.
Profitable: I make money on this trade if IBM closes above $211 by April 20, 2012.
Break-even: I breakeven on this trade if IBM closes at $211 by April 20, 2012.
Unprofitable: I lose money on this trade if IBM closes under $211 by April 20, 2012. The most I can lose on this trade is the Price of the Spread, $1.00.
UPDATED 4.23.2012 I had this Spread on and it went out worthless on Friday, time to move to the next trade.
CREE:
Trade: Buying the CREE April 30-28 Put Spread for $.38
Profitable: I make money on this trade if CREE closes below $29.62 by April 20, 2012.
Break-Even: I breakeven on this trade if CREE closes at $29.62 by April 20, 2012.
Unprofitable: I lose money on this trade if CREE closes about $29.62 by April 20, 2012. The most I can lose on this trade is the Price of the Spread, $.38
UPDATED 4.23.2012 I did not have this trade on and if traded properly against stock it could have a nice winner, but it did expire worthless.
URI:
Trade: Buying the URI April 41-44-47 Call Fly for $.75. I bought the April 41 and April 47 Calls and sold twice as many of the April 44 Calls.
Profitable: I make money on this trade if URI closes between $41.75-$46.25 by April 20, 2012.
Break-even: I break-even on this trade if URI closes at $41.75 or $46.25 by April 20, 2012.
Unprofitable: I lose money on this trade if URI closes under $41.75 or above $46.25 by April 20, 2012.
UPDATED 4.23.2012 With URI selling off on Friday, this Spread I had on and expired worth $1.85 for a nice winner.
Read more about above by www.keeneonthemarket.com