Seeking Alpha
  • Vertical Spread
    Buy $X Dec 22 Call for 0.76 + Sell Jan 22.50 Call for 1.02 = being paid 26 cents to keep 50 more cents of my US Steel Jan 20 calls.
    11/29/12
    Reply (2)
    • wecap: can you explainhow this works, thx
      11/30/12
    • Vertical Spread: To simplify, I was Long Jan 2013 Call, Short December 2012 Call at a higher strike. Traded to a Short January at an even higher strike.
      11/30/12