Thursday, March 4, 2010

INTC Calendar Spread

Order Placed 3/4/10 10:16:25 AM

Underlying : INTC (Intel) trading at approximately $20.45

BTO 10 NQ April 17 '10 $22 Call @$.21
STO 10 NQ March 20 '10 $22 Call @.03

This position created a net debit in my account of $.18. Including commissions this position cost $205.26. This position is bullish on INTC.

Not going to lie to you but I immediately regretted placing this trade today. My hunch was right and this trade is amazingly negative already. I'm going to wait it out for a couple of trading days and see if we can't turn this guy around....crap.

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