$ORCL VERTICAL 250620 CALL 215.0/CALL 220.0$ ORCL: setup bear call to test trading strategy. Sold call at $215 and bought back at $220 with defined max risk at $500 per options pair. Premium collection is $120 per options pair. These contracts will expire this Friday 20th June. ORCL had rose 22% after earnings over a period of 2 days with earning beats on 11th June and up 77% from its 7th April low. This is now overbought and might serve as a level for consolidation or reversal in near term. Looking got short term trade but also want to limit exposure therefore the bear call setup. Risking $500 to collect $120 per bear call trade pair translate to yield of about 24% in a week so its effective use of capital as compare to my more frequent trades setups of cash secured puts or covered calls. 
ORCL Vertical
06-16 22:30
US215.0/220.0
SidePrice | FilledRealized P&L
Credit
Open
-1.20
4
--
Holding
ORCL VERTICAL 250620 CALL 215.0/CALL 220.0
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  • smile000
    ·06-17
    Interesting approach
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