Call Spread on CBOE on 10/20/2014

CBOE Holdings, Inc. (CBOE) operates markets for the trading of listed, or exchange-traded, derivatives contracts.

The company provides marketplaces for trading options on various market indexes; futures on the VIX Index and other products; options on the stocks of individual corporations comprising equity options; and options on other exchange-traded products that include ETP options, such as exchange-traded funds and exchange-traded notes.

It owns and operates CBOE exchange, which offers trading for listed options through a single system that integrates electronic trading and traditional open outcry trading on its trading floor in Chicago; C2, an all-electronic exchange that also offers trading for listed options; and CFE, an all-electronic futures exchange, which offers futures on the VIX Index, as well as on other products.

The company’s exchanges operate on its proprietary technology platform, known as CBOE Command. It has a strategic relationship with S&P Dow Jones Indices, LLC; NASDAQ; and Frank Russell Co.

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

52-Week Trading Range: $46.52 - $59.28

Last Trade: $54.70

Trade Buy 1 November $52.50 Call at $3.00 Sell 1 November $57.50 Call at $0.55 For a net debit of $2.45 Profit/Loss Analysis Breakeven at $54.95 Maximum profit is $255.00 at strike of $58.00 Maximum loss is ($245.00) at strike of $52.00 Closing Summary Sold 1 November $52.50 Call at $5.35 Bought 1 November $57.50 Call at $1.40

Position closed on 10/27/2014 at price of $3.95 with a 61.22% gain in 6 days.

Updates

10/27/2014 9:45:23 AM

Taking profits on CBOE call spread!

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