On May - 10 - 2011
1/26/2011
HL@$8.51
Buy to Open 10 Jan 2012 5 Calls for $4.00
Sell to Open 8 Feb 9 Calls for $0.31
2/8/2011
HL@$9.79
Sell to Close the Jan 5 Calls for $5.10
Buy to Open the Feb 9 Calls for $.90
This is a profit of $628 in 13 days for 16.7%
Categories: Examples