LVS Call spread

LVS

27 Apr

uptrend nice PHI
Enter when its above 46.30
resistance plus PHI fan @ $46.30
Looks like a hammer candle

Trading Plan
Call Spread @ 46/47
6 Options
Technical
Stop loss - PPC : $42
Profit Target $47.80 half
Time Target 2 May 2011

Option CALL long leg 47 CALL APR
stop loss $0.05
Profit target $0.46
Time Target 29 Apr before market close


Option CALL short leg 46 CALL APR
stop loss $0.88
Profit target $0.48
Time Target 29 Apr before market close