- will drop this arvo., page-6

ark5617

crashy's spread went like this.
I printed it out to try to understand.
Then forgot all about it until now.

cheers
kaitie

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Subject NCP - Crashy does bull spread on NCP ( 2 reads - 14 replies )
Posted 05/07/02 16:08
Member crashy


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Bought 10 1150 calls last week for 21.5c
Sold to open 20 1200 calls today for 11c.

Payoff looks like this:

1150 or below $100.00
1162 $1,350.00
1175 $2,600.00
1187 $3,850.00
1200 $5,100.00
1212 $3,850.00
1225 $2,600.00
1237 $1,350.00
1250 $100.00
1263 $(1,150.00)

Since NCP long term trendline is 1250 I dont expect anything over 1250. I can always exit trade before 1250 anyhow.
Obviously I would like to see 1200 at expiry.