Wednesday 04-06-05
XTO Bull Call Spread

This is a two part trade which involves buying the April $30.00 call and selling the April $35.00 call.

For this trade we need to buy the April $30.00 call at the Ask price of $4.80 and then sell the April $35.00 call at the Bid price of $0.70 for a $4.10 net debit. We will follow this trade in the Incometrader.com "Homework" section of the newsletter with updates every Wednesday and Sunday through the April expiration date.

To view how to exit if the stock goes south click here