Unprofitable:  I lose money on this trade if ADTN closes above $26.25 or below $21.75 by July 20, 2012.  The most I can lose on this trade is the amount I bought the Spread for $.75.

Risk: $75 per 1 lot

Reward: $225 per 1 lot

Chart: Bearish overalll and I think that it will break under the $27 level and the measured move target is $24.30.

UPDATE 7.21.2012  I took half of my position off for a double and $1.50 and the other half ended up with $.65 for a total average of $1.05.  Another winner, but I wish it did not sell-off as much as it did.