Technical:
AAPL is trading in a range between $190 and $215.
Expectation is mildly bullish in the coming month.
Trade setup:
BTO April 2010, Strike 200 CALL at 10.06
STO March 2010, Strike 200 CALL at 6.80
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Net debit: $3.26
BE at March expiration: $190.65 and $210.54
Max Risk: $326 per contract
Primary exit: 20% gain or 25% loss
Secondary Exit:
1. Bullish: Roll up some of the short call, and the trade becomes calendar + bull call calendar
2. Bearish: Roll down some of the the short call and the trade becomes calendar + bear call calendar
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