IBM Bear Call Spread
Sell $150 call Buy $160 Call
Pro: Strong Line of resistance at $150, S&P trading high
Cons: Upwards Trend line since May, should reach at $150, suspect trend line will disappear once hits resistance.
Note: Stop loss at $155
Pro: Strong Line of resistance at $150, S&P trading high
Cons: Upwards Trend line since May, should reach at $150, suspect trend line will disappear once hits resistance.
Note: Stop loss at $155
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