Tuesday, October 14, 2008

X - debit spreads

It's anybody's guess these days but I think before heading lower there's a good chance to the upside. It's still pretty hard to justify trading options but using spreads will make the risk manageable while still allowing for some profits. In this example, consider US Steel with a short-term price target of low 60s.














Volatility has come off its highs... relatively speaking of course.


















Trade calc screenshot -

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