Wednesday, November 23, 2005

A Trade in Titan Industries

Titan Industries has been having a great bull run and some steam seems to be left. Our trade is again a bullish spread. As follows:

Long 1 Titan Dec 660 Call @ 31

Short 1 Titan Dec 680 Call @ 24

Total Cost 5600

Max Downside 5600 below 660

Max Profit 10400 above 680

Lot Size of Titan 800

Closing price 650.7

All Prices Wed 23 Nov Close

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