Buy the Jan2013 50/57.50 call spread for $2.00
ok, thats one way to put on a bullish position. but my usual comments that when i see a position that far out is to make it a series of calender spreads or diagonal spreads. since he is selling the 57.50 call for only .60 cents, selling a series of shorter dated calls might bring in more premium and reduce the cost basis of the long call.. such as buying the jan2013 50 call and instead selling the OCT 52.50 call against it for about .40 cents.. this "position" will still be profitable even if stock moves up past 52.50.. use your brokers platform to play with profit/loss levels based on where stock closes on Opex in Oct.... then when Oct opex expires, sell another upside call for Nov, same for Dec.. perfect situation would be for stock to grind its way up each month , you keep that front month premium each month.
other option is since you are bullish and have 4months to opex, just buy that 50call and when stock starts moving up, maybe to the 50day moving average, then "leg into" the spread...then sell that upside call in Jan2013. but given these two alternatives, i would do the series of calender spreads. see all of scotts on-air trades in this google docs spreadsheet
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