Bull Spreads with Options

If you can get half the maximum payout, take it. Set your profit target for this trade at $2.50 and if you see it, take it. J. Rackham

> They're not both in the money at the moment
> -- if the share price passes $45 then I'll
> be at maximum profit of $5 per share (minus
> a certain amount due to the bid/ask spread
> on reversing out of the position).

> At the moment trading out would result in no
> profit.

> I expect PPD to go up in price today,
> however, due to the sole analyst following
> the stock upgrading his earnings expectation
> for this quarter.

> - Thomas.