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I see. Very interesting. I'm a one trick pony (net credit spreads) and I'm trying to learn more so I can diversify. If you post your trades on LFC and the reasoning behind them, it sure would help me! :) Good luck!

Just out of curiosity, why July?

You've piqued my interest! I'm not clear on your trade though. Can you be more specific? (Also, did you mean TELK instead of TECK?) Thanks!

Thanks for the feedback. I've been doing net credit spreads over the SPX and the OEX for while now and I'm looking into ways to diversify. I'd like to keep it simple, so I'm thinking about learning one or two new strategies. I have a day job, so I have to keep that in mind as I can't watch...

TELK had some bad news which caused the stock to drop to around $5. The Bear Call net credit spread is locked in. I guess this could have just as easily gone the other way. Big explosive move - probably not the best candidate for a net credit spread. Good candidate for back spread though, as...

Got it - thanks. BTW - I decided to paper trade this one. If anyone is interested, I'll post the results when I exit the trade.

Thanks for your reply! I really appreciate it. I saw what hapened to NFLD and I know TELK can explode, hence, the price of the premium for the JAN 30 C. A backspread is a great idea. I have another question for you, if you don't mind. I'm with OptionsXpress and I'm wondering how you came up...

Thanks for your reply! I really appreciate it. I saw what hapened to NFLD and I know TELK can explode, hence, the price of the premium for the JAN 30 C. A backspread is a great idea. I have another question for you, if you don't mind. I'm with OptionsXpress and I'm wondering how you came up...

I'm looking at entering a Bear Call Spread on TELK. BTO 35 JAN C and STO 30 JAN C for a 0.60 net credit. TELK has never been over $30.00 and is currently trading around $16.25. They're a biotech company that's in Phase 3 trials but according to the company's website, one of the trials is...