10/17/13 -Closed
This is a post-earnings trade on UNH. After dropping this morning from yesterday's close of 75.19 we decided to buy into the slight pullback.
- Vertical Debit Spread, UNH @ 71.31
- BTO +1 Nov 67.5 C
- STO -1 Nov 70 C
- Debit = 1.95
- Risk = 195
- BE = 69.45
- ROR = 55 / 195 = 28%
Update: 11/14/13
- STC Nov 67.5/70C @2.45
- Net = $50
- ROR = 25% in 28 days
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