We want to start getting bullish after this pullback. We will start our position today with about 40% of the total position. We will scale into the whole position as time permits.


Buy 2 140 April Calls
Sell 4 142 April Calls

This spread is trading at 0
SPY is trading at 140.25
Do not pay over 0.05 for this trade

The payoff curve is illustrated below. 

http://twitpic.com/92jdki

If you like this trade you have 30 minutes to get in.




Fari Hamzei
Founder
HamzeiAnalytic LLC

[email protected]
310-306-1200




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