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STOPPED OUT OF BMHC

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BHMC POSITION STOPPED OUT!

No sooner do we get to pat ourselves on the back, then Murphy appears to put a small damper on our party. BHMC has recently taken , off climbing over 6 points in the last 2 days with $4.00 of it today. Unfortunately, that move has STOPPED us out for a NET DEBIT of $1.70 and a NET LOSS of $0.85

CLOSING POSITION
SELL BGU-IQ BMHC SEPT 85 CALL CLOSE
BUY BGU-IP BMHC SEPT 80 CALL CLOSE
NET DEBIT = $1.70

Price of underlying at spread execution BMHC $72.76 - Currently: $81.45
Building Materials Holding Corporation - BMHC

INITIAL RECOMMENDATION on Building Materials Holding Corporation

1. BMHC $72.76 - Building Materials Holding Corporation - BMHC

BUY BGU-IQ BMHC SEPT 85 CALL DEBIT = $0.80
SELL BGU-IP BMHC SEPT 80 CALL CREDIT= $1.65
NET CREDIT = $0.85
INITIAL "NET- CREDIT TARGET= $0.85 or $85.00
POTENTIAL PROFIT (x 10 CONTRACTS @ $0.85 = $850.00
MARGINS REQUIRE. (X 10 CONTRACTS $4,150.00
FOR A RETURN ON INVESTMENT= 20.48%
EXIT STRATEGY = STOP DEBIT $1.70


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