[Opening Bear Spread on Diamonds (DIA)/Simultaneously Buying Jul 111 Call (DIAGG) and Selling Jul 110 Call (DIAGF)/Day Order/Limit Credit of $0.45]
Dear Member:
I am placing an order to open a bearish call spread on the Diamonds (DIA). I am simultaneously buying the Jul 111 calls (DIAGG) and selling the Jul 110 calls (DIAGF) for a net credit (before commissions). If filled and no adjustments become necessary, this will be an 82% return on risk in one month and one day.
DISCLOSURE: At the time of publication, I have no position in the referenced options or the underlying stock.
Sincerely,
Bill Kraft
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