We put on a Bear Call Spread on TXN
| SELL | -10 | TO OPEN | TXN | 17 Feb 23 | 185 | CALL | 0.88 | 0.53 | LMT |
| BUY | 10 | TO OPEN | TXN | 17 Feb 23 | 190 | CALL | 0.35 | CREDIT |
Feb monthly call expire in 18 days and we do not think prices will cross $185 (currently at $173.50 and earnings and dividends events have just happened). So we are selling 10 contracts on a bear call spread, for a total credit of $0.53/contract.
We are looking at a potential full credit $530 on $4470 investment, resulting 11% approx returns if price does not breach upper threshold of $185.