Short

PLUG Bearish inclined naked calls 4 Nov expiry

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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Ronin_trader