Bought 6×100 QCOM Feb 11 $50 / $55 Call Spread at $1.49
We are betting on Qualcomm breaking out $50 and seeing the CES in Jan 2011 as a catalyst
we are financing the $50 call by selling a $55 call
Breakdown of the trade:
Bought 6×100 QCOM Feb 11 $50 Call @ $1.88
Sold 6×100 QCOM Feb 11 $55 Call @ 0.39
Total cost of trade : $894 + commission
Max Profit : $2106 – commission
Assignment of 2×100 MRVL Dec10 $19 put
option expired in the money. assigned to buy 200 shs of MRVL @ $19.in other words. covered 150 shs and bought 50 shs at $19
