TBT (24.15 close)
Aug 24 calls are 0.43/0.47
Sep 24 calls are 1.55/1.58
You meant a great trade in buying Aug 24 or buy sep 24 and sell Aug 24. ( If TBT rallies even with a cusion of 30 cents ,sometimes we will have a loss as Sep 24 will not rally as much as Aug 24)
Buy write is ok. If TBT closes below 24 can sell Sep 24 again.
May be DEC 24-30 {2.52/2.56--.78/0.81}
bull call spread looks interesting.(1x1 not 2)
