This trade was posted January 27, 2009.

Diagonal Spread Example:

Sell GGBBU            Feb 2009    7.5 Call            $0.35

Buy KDMAZ            Jan 2010   2.5 Call             $4.40

 

Net Cost                      $4.05(+Trading Costs)

 

Maximum Loss            $4.05(+Trading Costs)

 

GGB is trading for        $6.54 at the close on Tuesday 01/27/09

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GGB is now trading for $5.65 at the close on Friday 02/20/09.

 

The GGBBU (Feb 2009 7.5 Call) has expired worthless. The KDMAZ (Jan 2010 2.5 Call) is now trading for $3.50.  We are currently down $0.55 and will wait for another trade.

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