Th Bull Put Spread on Ford

Hello All,
Here goes a Bull Put Spread on Ford.  I am using the March 2010 BTO $12 puts and selling the $13 Puts.  I like the way this company has been showing bullish signs.  Lately I have wanted to spread trade more to mitigate my losses.  With the current breakout on Monday, surpassing the $12 resistance, I think we are in line to a great run up.

As we can see, I think we have a wedge pattern erupting.  The last few days have increased in volume.  Our secondary indicators are also bullish, such as the MACD.

Overall, I think this is a good trade, with the stock keeping above $13 before the expiration of our March options.

(Charts courtesy of MachTrader)