Thanks for the heads-up.
The cost has changed since to .89 but max return is .92 with 48% probability according to chart and a relatively low IV, so other than the unknown and unpredictable earnings report, it looks like a decent trade.
Lou
--- In ConservativeOptionStrategies@yahoogroups.com, Anthony Hills <brem1h@...> wrote:
>
> I am trying this spread on TM.Just made $1400 on FSLR earnings the same way. TM earnings Aug 4th. Max risk 49 cents. Hopefully front months premium goes down and stock is stable.Copied this from Schwab trades so hope it reads well.
>
> TM 10/16/2010 70.00 CCALL TOYOTA MOTOR ADR F $70 EXP 10/16/10CALL TOYOTA MOTOR ADR F $70 EXP 09/18/10Get a Quote TM 09/18/2010 70.00 CSymbolActionQuantityPriceTimingTime & Date (ET)TM 10/16/2010 70.00 C Buy Calls to Open20 ContractsDebit $0.49
> (Applies to both legs)Day Only 2:18 PM 07/30/2010 Bought20$2.98Settles on 08/02/20102:19 PM 07/30/2010TM 09/18/2010 70.00 C Sell Calls to Open20 Contracts 2:18 PM 07/30/2010 Sold20$2.50Settles on 08/02/20102:19 PM 07/30/2010Status: CLOSED - FilledOrder #: 64465761 and 64465762________________
>
> Anthony Hills
>
> Hills Motors/Hills Industries
>
> 4011 Pacific Blvd
>
> San Mateo,CA 94403.
>
> 650 573 7425
>
> Fax 650 573 8721
>
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