Message Font: Serif | Sans-Serif
No. of Recommendations: 0
As an experienced options trader who is new to Motley Fool Options, I like the logic on the slow recovery for AXP, but don't like the amount of capital required and the 3 month capital lock-up needed to buy AXP stock , then sell the '16 Jan $85 Call and Puts. I.E.; the strategy that was described.

Instead, I purchased 4 contracts of the 'Jan 16 75/82.5 Vertical Call Spread for a net debit of $1.45 each. My max loss is ~$600 and my max profit ~$2,400. We'll see how it works out!
Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.