Option Play of the Week - 12/23/2009

 @ibtimes
on December 22 2009 11:37 PM

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Industry: S&P 100 - INDEX Closing Price: 515.15

Company Profile: S&P 100 - INDEX

Objective: Income Strategy with consideration for Accumulated Income

Trade: BUY the FEB 515 PUTS and SELL the WEEKLY 515 PUTS (Calendar Spread)

Entry Target: OEX between 514.50 and 515.50 with Adjustment Alerts at 514 and 516

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