Wait for price to get in or near the zone. Sell the August 45-50 bear call spread. Minimum premium for spread – 0.50.
IV is low but there is sufficient premium for this strategy. We expect the supply zone to hold price below the short strike.
Close if stop is met based on stock price. Close any short units for 0.05 or spreads for 0.10. If the premium falls to half of the credit received within the first week trade may be closed early. Depending on price action, profits may be taken early.