ICLN Bearish inclined naked calls 18 Nov expiry
- Whats The Plan/Trade/Thought
ICLN is an ETF filled with companies that will rely heavily on bank loans to operate, this would probably result in accelerated dips with the increasing interest rates
Risk Mitigation
- I see 19.70 as my indicator that my direction is wrong and I should exit
Can You Trade The Opposite Side (Y/N)
- N
Trade Specs
- Sold 260 Calls @ 0.15
- Strike 20.5
- 8.75% to Strike
- BP Used: 53k
- Max Gain: 3900