March Bear Call Spreads on ICE and MA
Started by
hedgehawk
, Mar 07 2007 10:09 PM
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#1
hedgehawk
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Posted 07 March 2007 - 10:09 PM
Looking to sell a little premium before the weekend. Both MA and ICE have sliced through their respective 50MA like a hot knife going through jello. Looking at selling the MA march 105 calls and buying the march 110 calls for a net credit of .75 with a juicy 77% probability of calls expiring worthless. Looking at another bear call spread on ICE sell the 135 calls for 3.25 and buy the 140's for 1.75 for net credit of 1.50 eith 67% probability of calls expiring worthless. 50 ma on both stocks are sitting at 105 and 135 and should provide some protection. Anythoughts?
