Agree with naysayers here.. There is a reason these Bull Spreads are so cheap to get into, low chance these stocks move up that high that fast in the dog days of summer. I have tried your strategy so many times only to see the stock trade sideways or down. As a matter of fact, I am holding your Bull Call Spread idea for USO from MAY 12 (seekingalpha.com/artic...) and losing money on it.
Just saying.. this is a high risk strategy. My covered calls in WFC, BAC, and F are bringing me better sleep at night.
10 Bullish Option Spread Strategies [View article]
There is a reason these Bull Spreads are so cheap to get into, low chance these stocks move up that high that fast in the dog days of summer.
I have tried your strategy so many times only to see the stock trade sideways or down. As a matter of fact, I am holding your Bull Call Spread idea for USO from MAY 12 (seekingalpha.com/artic...)
and losing money on it.
Just saying.. this is a high risk strategy. My covered calls in WFC, BAC, and F are bringing me better sleep at night.