Any trades/spreads discussed, including examples using actual securities and price data, are strictly for illustrative and education purposes and are not to be construed as an endorsement, recommendation or solicitation to buy or sell securities.
Any results posted are unique and are not indicative of any future results.
Filled at 0.95 Debit, securing $7.50 of Theoretical edge per 1 contract.
Probability of Touching the 87.5 Call Sell leg = 67.12% before expiry. This is the leg that makes the profit.
See Point & Figure Breakout:
http://stockcharts.com/def/servlet/SC.pnf?chart=MMM,PRPADANRBO[PA][D20111021][F1!3!1.0!!2!20]&pref=G
