WPL
WPL is trading at its support level, taking a chance on this one as I think it will bounce back in the next 3 days. A bit of a speculative trade, this is pretty safe though… was recommended on this trade and usually its successful trades.
The Trade (WPL) - Traded on 23rd July 2007
Sell Jul $45.5 Puts @ $0.31
Buy Jul $45.0 Puts @ $0.18
Expiry = 26/07/2007
Share/Contract = 1000
Max Profit = 0.13 (0.31-0.18)
Max Risk = 0.37 [(45.5 - 45.0 ) - (0.31-0.18)]
Return on Risk = 35.14%
Breakeven = $45.37
I opened 20 contracts:
Reward for trade (excluding fees) $2,600.0
Reward for trade (including fees) $2,368.2
Value At Risk $7,400
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