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January 30, 2012
Edited: January 30, 2012
Share ThisI was bullish on MCK for last 10 days.
I made an intial profit of 25 on a call spread bought about a week ago and closed it on Thursday/ Friday.
Today bought couple of March 77.5 / 80 call spreads with limit order of 1.27 - If the stock get hit one can exit for a loss of 60 cents9more or less)
In this case stock was up by $3.5 after hours - meaning the trade will make money and close it for about $1 profit (max can be $1.20)
I like the price action of CTXS and will buy options with limit order.
Call options bought on Friday VZ made decent return for one day even on a down day