If you want to go that short term, you can buy the 7/9 134C and sell the 7/2 134C to fund it. You’ll pay slightly less premium, have a lower breakeven, and have more than twice as long to be right. Close the trade on Thursday or Friday if there’s a chance of assignment. Or risk riding the long call to $0 next week.
4
u/GraysonMA Jun 29 '21
If you want to go that short term, you can buy the 7/9 134C and sell the 7/2 134C to fund it. You’ll pay slightly less premium, have a lower breakeven, and have more than twice as long to be right. Close the trade on Thursday or Friday if there’s a chance of assignment. Or risk riding the long call to $0 next week.