On April 1, 2021, we bought 1 naked call bear spread on AAPL stock expiring on April 9, 2021. For this trade, we got a $10 premium (before commissions).
These trades come as the #7 and #8 in the month of March, according to our trading plan for this month, the premium generated from this trade makes us about 0.18% from our $2,800 monthly goal. While in total we have reached already 5.05% this month so far. Awesome.
here is our trade setup:
BOT 1 AAPL APR 09 '21 + 130 - 128 Call Bear Spread -0.1 USD
what can happen next:
AAPL is trading below our strike price of $128 at the expiry date (APR 09, 2021), in such case, we keep the premium.
In case AAPL is trading above our strike price of $128, we are troubled as we have to deliver 100 shares at the price of USD 128, to avoid that we will try to roll up and for credit. Our max gain $5.2 or 0.04% potential total income return in 8 days