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.