Ronin_trader

PLUG Bearish inclined naked calls 4 Nov expiry

Short
NASDAQ:PLUG   Plug Power, Inc.
  • Whats The Plan/Trade/Thought
    Plug is a company that will rely heavily on bank loans to operate, this would probably result in accelerated dips with the increasing interest rates

    Risk Mitigation
  • There is a S&R line at 23.5

    Can You Trade The Opposite Side (Y/N)
  • No

    Trade Specs
  • Sold 420 Calls @ 0.17
  • Strike 24.5
  • 31.8% to Strike
  • BP Used: 75k
  • Max Gain: 7140
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