VFSVery bearish Call Credit Spread. Based on the expectation of a huge drop between now and expiration on 9/15.
+1 $55 call 9/15
-1 $50 call 9/15
Credit received: $475
If the share price is NOT below $50 on 9/15 I will have to buy to close for approx. $500 (plus maybe a couple more bucks to get the order fill). Another risk is the short strike could be early assigned. But either way, the loss would be ~$25. If this thing falls big best case scenario is that I will walk away free and clear with the $475 credit received.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.