bot jan (09) 30 call on Bear Stearns for 13.61 sold march(08) 30 call on same for 8.91 net debit of 4.70 if doesn't go to zero in 7 days seems like a cheap way to take (make) some money off of the high volatility. In a week need to decide if buy back march or maybe it expires worthless and keep Jan(09) or liquidate the long call I'm left with. I believe this meets the option guys tip of risk 1 to make 2 for this spread.  This is my first post and I would like some feedback as to the many things that can or may go wrong with this trade.

I guess I am not reading that right, is the fact that there is a net debit because you sold the march08 call.

or the the net debit because you sold the march08 call and bought the jan09 call both at 30?

net debit is because sold march 08 call and bought jan 09 call both at 30

 could have done the same calendar spread with puts for about a $1 more debit ( I probably should have done both)

http://money.cnn.com/news/newsfeeds/articles/djf500/200803150857DOWJONESDJONLINE000426_FORTUNE5.htm

It would seem that the buy out rumors would keep it from falling. It will be interesting to see if it goes up.

RBS them dirty dogs you know they have money. My ancestors, I do not claim them. :)

Doesn't pay to be greedy, Be happy with what you have, we will see.

Although Snowman JP morgan might have something to say about all of that. I think the SEC will look closly at this oppertunity and allow scotland, other money, to enter. It would be a better scenerio. but then again, our government doesn't work in logic.

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Thanks,

Nicole Wachs

TradeKing Staff

All-Star Commentator