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Point taken. Thanks for all the helpful insights and comments.

Do you think the result be different if my SHORT call is instead at strike price $213 (collecting a premium of $5.78)? This OTM SHORT call is way out of the money from current underlying price $208 AND would also be out of the money when the underlying reaches my target of $212. Max profit on...

thanks for all the input. so that I'm getting all of this straight, let's say I do the following trade instead: Symbol .XSP (Mini-S&P options) Current underlying price $208 Expiration March 18, 2016 Bull call spread LONG 195 call (at $18.08) and SHORT 208 call (at $8.52) debit cost = $9.56...

xandman, thanks. What would you recommend as an options strategy then to best capitalize or earn the $3.64 profit that results from the underlying price move from $208.36 to $212? That is, anything other than a bull call spread? Earning just $1.08 seems too low for a much bigger $3.64 move...

Hello, I have a question regarding vertical spread trades (whether bull call or bear put). Here is hypothetical trade example with data I took from the options chain recently: Symbol .XSP (Mini-S&P options) Current underlying price $208.36 Expiration March 18, 2016 Bull call spread 195/200 at...