http://finance.yahoo.com/news/bear-day-viacom-viab-130101795.html http://www.thestreet.com/story/1348...-at-credit-suisse.html?puc=yahoo&cm_ven=YAHOO http://www.msn.com/en-us/money/stockdetails/financials/fi-126.1.VIAB.NAS http://finance.yahoo.com/echarts?s=VIAB+Interactive#{"allowChartStacking":true} TRADE: With VIAB at 38.48 Sept 50/55 bear call spread for a net credit of $35 Yield = 35/465 = 7.5% in 185 days or 14.8% annualized Prob = 86% Expectation = .86(35) - .08(465) - .06(233) = 30.1 - 37.2 - 14 = -21.1 Price.......... Profit / Loss.......... ROM % 30.00................ 35.00................ 7.50% 35.00................ 35.00................ 7.50% 45.00................ 35.00................ 7.50% 50.00................ 35.00................ 7.50% 50.35.................. 0.00................ 0.00% 52.63.............. (227.70)........... -45.54% 55.00.............. (465.00)........... -92.50% 60.00.............. (465.00)........... -92.50% 65.00.............. (465.00)........... -92.50%