24TH December Lei trading @ close at 31.18 ? Bullish- for a EW4 DB to be now in place- Impulse wave EW5 advances to 36.30
Trade ?A? buy 2K LEI @ 31.18 = $62,360 + comm. Sell 3200 FEB11 call @ .83c = income $1660 ? comm. + exercised 3200 = $1640 ?comm.
Max return $3,300 less fees. Max risk is share price fall.
Trade ?B? buy 2 / 3200 FEB11 call @ .83 Max risk premium paid $1,660 Target of $36.30 reached sold call $4.30 + any time val. = $8,600
$8,600 ? premium $1660 - = $6,940 = 418% return
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