This session provides an exhaustively detailed look at an option strategy that can be used to leverage a $20 rally in Boeing to a high-probability target. We pondered calendar-spreading the 455 strike, a strategy that would risk perhaps $50 per spread and pay off at as much as nine-to-one. All of the necessary calculations are on view here, including a relatively simple way to determine how much to pay for the spread, and what it would be worth if the target is achieved. As of the close, the strategy was still viable.
