$AMZN VERTICAL 251107 CALL 260

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$AMZN VERTICAL 251107 CALL 260.0/CALL 250.0$

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j19
·11-01
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may i know what strategy is this? thanks
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- FAESORCERESS:
  Basically selling a 260 call and buying a 250 call. Both expiring next week. The 260 short call gives a partial refund on the cost of the 250 call
  11-01
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FAESORCERESS
·11-01
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Haha basically a $250 call. But also selling a $260 call to get premiums. Sorta refunds part of the cost of the 250 call. But caps gains after Amazon crosses 260.

Basically after Amazon crosses 260 no matter how high it continues to go you don't make anymore money. In exchange for getting a refund on the 250 call
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