Thursday, July 23, 2009

August AZO Spread

Placed my first Aug Credit Spread with AZO.
Probability Calculation was 73%, and after the little run the market has had I think the market will make a nice pull back some time over the next few weeks so I am keeping a nuetral/bearish attitude on the market as a whole.

AZO 165/170 Bear Call Spread, if the option successfully expires on Aug 21st then I will make a 18% gain of $450.

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