BOOMSTOCK BALLERS

[Bull Trader]

Posted by: leemalone2k3 Date: Sunday, June 08, 2008 10:14:39 PM
In reply to: Blue_Horse_Shoe who wrote msg# 25532 Post # of 25537

Looking at an In The Money vertical debit spread on USB.
Buy the JUL 35 puts
Sell the JULY 32.50 puts
for $1.80-1.85.

This gives a potential 37% return and seems to be a pretty well managed trade.

You could also go with an at the money spread for $1.05-1.10:
Buy the 32 puts and sell the 30 puts for a possible 133% return if you are a little more risky.