Tuesday, December 29, 2009
Trade Exit - AMZN Call Spread
We put on the Amazon (AMZN) bull call spread for a cost of 2.50 or $250 per spread. We can now take it off for 6.15 or $615 per spread. That is a profit of 3.65 or $365 per spread traded. 146% Return on Investment! If you put $1,000 into the trade you can now take it off and get paid out $2,460. Not bad for being in the trade less than 2 weeks.
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