SJR

[oldnemesis]

http://finance.yahoo.com/news/why-dump-shaw-communications-sjr-222110017.html

http://stockcharts.com/h-sc/ui?s=sjr

Trade:
With SJR at 16.95
Jul 17.5/20 bear call spread for a net credit of $45
Yield = 45/205 = 22% in 158 days or 51% annualized
Prob = 60%
Expectation = .6(45) - .15(205) - .25(103) = 27 - 30.75 - 25.75 = -29.5

Price...... Profit / Loss...... ROM %
12.00............ 45.00.......... 22.00%
15.07............ 45.00.......... 22.00%
17.50............ 45.00.......... 22.00%
17.55............ 39.70.......... 15.88%
17.95.............. 0.00........... 0.00%
20.00.......... (205.00)...... -78.00%
20.04.......... (205.00)...... -78.00%
22.52.......... (205.00)...... -78.00%
25.00.......... (205.00)...... -78.00%