RE: My Bear Call Credit Spread On ETF, IWM (Russell 2000)

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Hi @rollandthomas
Its always a joy to see spread trades in your posts.
It looks like the underlying is 140?
Your trade is out of the money with 21 days to expiration today.
I assume low delta that far OTM and high theta, considering the anticipated bad earnings reports it seems like bears should get paid. I didn't look this trade up but assume with potential 160 credit and potential 840 loss your probability of profit may be around 84% which is very good.
Thanks for sharing your trade.
@shortsegments



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