Trading Portfolio – New Trade – TXN

We put on a Bear Call Spread on TXN

SELL-10TO OPENTXN17 Feb 23185CALL0.880.53LMT

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.