On March 29, 2021, we bought 1 naked call bear spread on AAPL stock expiring on April 1, 2021. For this trade, we got a $15 premium (before commissions).
These trades come as the #189 and #190 in the month of March, according to our trading plan for this month, the premium generated from this trade makes us about 0.51% from our $2,000 monthly goal. While in total we have reached already 236.06% so far. Awesome.
here is our trade setup:
BOT 1 AAPL APR 01 '21 + 127 - 125 Call Bear Spread -0.15 USD
what can happen next:
AAPL is trading below our strike price of $125 at the expiry date (APR 01, 2021), in such case, we keep the premium.
In case AAPL is trading above our strike price of $125, we are troubled as we have to deliver 100 shares at the price of USD 125, to avoid that we will try to roll up and for credit. Our max gain $10.2 or 0.0861% potential total income return in 3 days