Call Spread on AMP on 12/17/2013

Ameriprise Financial (AMP) provides a range of financial products and services in the United States and internationally.

The company’s Advice & Wealth Management segment offers financial planning and advice, as well as brokerage services primarily to retail clients through its advisors. Its Asset Management segment provides investment advice and investment products to retail, high net worth, and institutional clients. The company’s Annuities segment offers variable and fixed annuity products to individual clients through affiliated and unaffiliated advisors, and financial institutions. Its Protection segment provides various protection products through advisors to address the protection and risk management needs of retail clients, including life, disability income, and property-casualty insurance.

The company was formerly known as American Express Financial Corporation and changed its name to Ameriprise Financial, Inc. in September 2005. 

Shares have formed a bullish "cup & handle" and higher share prices are expected for this stock.

52-Week Traing Range:  $61.63 - $109.87

Last Trade: $108.88

Trade Buy 1 January $110.00 Call at $2.20 Sell 1 January $115.00 Call at $0.55 For a net debit of $1.65 Profit/Loss Analysis Breakeven at $111.65 Maximum profit is $335.00 at strike of $115.00 Maximum loss is ($165.00) at strike of $110.00 Closing Summary Sold 1 January $110.00 Call at $4.00 Bought 1 January $115.00 Call at $1.00

Position closed on 12/23/2013 at price of $3.00 with a 81.82% gain in 5 days.

Updates

12/23/2013 10:02:56 AM

We are taking profits on AMP option trades.

Back to Portfolio