Bull Call Spread to capture Nasdaq move upwards closed in profit

Following recent rise in price and fall in volatility, closing orders filled yesterday with 38.1% profit over 15 days.

This neatly illustrates the geared effect of this trade structure. Underlying price moved from 21552 to 21845, which is an ungeared change of 1.4%. This trade produced 38.1% over the same time period, with loss limited to the debit paid. (635 is c.2.9% of the underlying).

As the NQ Futures Option Contract has contract size of 20, each contract produced USD4840 profit