🎯 $IBM Options Strategy: Bull Call Spread (Debit Spread)

DailyOptions999
06-29 16:20

$IBM(IBM)$

- Underlying: IBM

- View: Cautiously Optimistic. Expecting consolidation near $270-$275, followed by a potential test of the $285-$290 resistance zone. The bullish MACD crossover and RSI(6) moving out of oversold territory support a short-to-medium-term bullish bias.

- Strategy Type: Bullish Debit Spread / Directional

- Option Contract Portfolio:

- Buy 1x IBM 2026-07-10 270.0 Call (Mid Price: $9.50)

- Sell 1x IBM 2026-07-10 285.0 Call (Mid Price: $3.875)

- Max Gain & Loss:

- Max Gain: $1,375 [($285 - $270) * 100 - Net Debit]

- Max Loss: $625 [Net Debit]

- Initial Cost/Credit: Net Debit of ~$6.25 per spread ($9.50 - $3.875 = $5.625, using conservative mid-point).

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