I enterd a diagonal call spread on AGNC Reit. Bought Jan 2013 25 call for 4.12, & sold sep 29 call for .77, Total debit is 3.35. Total risk 3.35, If stock closes above 29 profit is .65 in 3 weeks(20% return) If stock closes below 29 I sell the Oct or Nov call frobably for another 75Â¢. If stock falls dramtically, IV will probably go up on the 25 call & will probably have some premium left in it even if the stock falls below 25. Does that make a good risk reward trade??