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tonytheonly
Dec 18, 2020 7:10 AM

IQ long into February  

iQIYI, Inc.NASDAQ

Description

This is a long / neutral debit spread play with 73% return on capital. Long calls on feb19th @$15 strike and short calls on feb 19th @$17.50
Comments
heathernray
I snagged Jan 15 $19 calls before close today at .64... think it'll make a move by then?
tonytheonly
@heathernray, those are inexpensive but there really is no way of telling if it is going to go up down or sideways. I prefer spreads just to give me the chance of being right with 2/3 of those paths.
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