Monthly Cash Machine Newsletter, Wednesday, 07/27/2005 04:50:37 PM ET
New Bull-Put Spread - GENZ
HAVING TROUBLE PRINTING?
We are looking to add one additional position to our portfolio on the opening tomorrow.
The GENZ put spread
GENZ - operates as a biotechnology company. Its products and services focus on rare genetic disorders, renal disease, kidney disease, cancer, orthopedics, organ transplant, and diagnostic and predictive testing. The company operates in five segments: Renal, Therapeutics, Transplant, Biosurgery, and Diagnostics/Genetics.
GENZ $ 70.35
SELL GZQ-TM GENZ August 65 PUT CREDIT= $ 0.55
BUY GZQ-TL GENZ August 60 PUT DEBIT= $ 0.25
NET CREDIT = $ 0.30
INITIAL "NET- CREDIT TARGET= $ 0.30 Or $ 30.00
POTENTIAL PROFIT (x 5 CONTRACTS @ $ 0.30 = $ 150.00
MARGIN REQ. (X 5 CONTRACTS $ 2,650.00
RETURN ON INVESTMENT= 5.66%
Exit Strategy= If NET DEBIT = $0.80 STOP