Bear Call Vertical Credit Spread
I generally like selling put options but this particular market is overbought in my personal opinion. I do not want to own this security at these prices. Much too high for my liking. We can take advantage and cash flow this market with a bear call spread.
Trade: Sell 6 day 210 / 211 Bear Call @0.05 = 12.51% IV
86% Probability for Maximum Profit = 5% Cash on Cash weekly return!
A picture is worth a thousand words...
Please trade responsibly.
I generally like selling put options but this particular market is overbought in my personal opinion. I do not want to own this security at these prices. Much too high for my liking. We can take advantage and cash flow this market with a bear call spread.
Trade: Sell 6 day 210 / 211 Bear Call @0.05 = 12.51% IV
86% Probability for Maximum Profit = 5% Cash on Cash weekly return!
A picture is worth a thousand words...
Please trade responsibly.
