Get started
RuthlessOreo

IBM Bear Call Spread

Short
International Business Machines Corporation (NYSE:IBM)  
RuthlessOreo  
NYSE:IBM   International Business Machines Corporation
Chart Patterns Technical Indicators
1
0
chartpattern indicator
Sell $150 call Buy $160 Call

Pro: Strong Line of resistance at $150, S&P trading high
Cons: Upwards Trend line since May, should reach at $150, suspect trend line will disappear once hits resistance.

Note: Stop loss at $155
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.