Bullish on BTU

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BTU is climbing in price, to a current $65 +/-.  I feel bullish long term on this stock.  Therefore, I have placed a bullish position to expire in 2013 for a credit of $500.  The entire position consists of a Bull Call Spread and Selling a Naked Put.

Bull Call Spread

BTO 2x 2013 $65 call @ ($18.35)

STO 2x 2013 $70 call @ $15.86

 

DEBIT: ($2.49) x2=($4.98)

 

-and-

STO 1x 2013 $65 put = CREDIT $11.20

Margin Requirement for the Naked Put $2,468.00