Friday, November 20, 2009

Buckle Inc. Diagonal Call Spread (Update)

Today, I added to my existing Buckle diagonal call spread by selling 5 December 2009 30s, and purchasing 6 June 30s, for a net debit of $2,300 less commissions. This week Buckle reported strong earnings while its stock price continued to drift lower - I continue to like Buckle's medium to long term potential.

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