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Moneymakero
Apr 15, 2021 9:44 PM

My BK play  Short

The Bank of New York Mellon CorporationNYSE

Description

Good afternoon, I sold to open 2 bear call spreads. BK 04/23 47.5/48 Bear Call. Since I shorted call spreads I received the income right away (cash inflow). This strategy protects me against theta decay and IV drop. I only get back the full collateral if the price on April 23rd is less than or equal to $47.5.
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