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| I agree with a call spread to cheapen up your upside (I hate spending money). But a littler alternative idea for you to look at.
If you would be long it in your own bins at home, i suppose you aren't against a little downside exposure.
I would look at selling a put underneath it as well. Say a 3.60 may put for 10 cents.
Add that into your 50 cent call spread and your cost is 4cents (probably 5 with commission).
You have 50 cents of upside potential, and 35 cents to be 'wrong' to the downside.
All depends on your exposure ability. | |
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