Short
CELG Bear Call Spread
My Bet : CELG will not touch 180 before 4/18/2014
SELL -5 VERTICAL CELG 100 APR 14 180/185 CALL @.67 LMT
Short Opt Delta : 19 Credit : $335 Margin Req : $2165 ROI: 15.4% - comms @ expiration
Exits : 1. Try to ride till expiration .
2. @ 75% to 80% profit target
3. . If Stock goes up to 179.10 to avoid early asignment (Take Loss)
SELL -5 VERTICAL CELG 100 APR 14 180/185 CALL @.67 LMT
Short Opt Delta : 19 Credit : $335 Margin Req : $2165 ROI: 15.4% - comms @ expiration
Exits : 1. Try to ride till expiration .
2. @ 75% to 80% profit target
3. . If Stock goes up to 179.10 to avoid early asignment (Take Loss)
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