As you can see from the chart, there is a lot of room to go on the upside if this stock is going to fill the gap. A credit put spread makes money on the way up, so if the stock stays over the $290 mark we will get to keep the $3 credit to our account. If the stock drops below 290 at expiration there are things we can do to repair any damage. We would simply roll the whole position into the September option chain and take in another credit. The video I’ve produced for you explains more in detail.
To gain access to the PDF download and video, sign up for
an Options Oracle Subscription!
