No risk to the downside, and if we get a rally, could potentially make some money. By the time this filled, I received .09 in credit.
Bought 1 SPY 07/21/23 Call 436.00 for 6.76
Bought 1 SPY 07/21/23 Call 446.00 for 2.13
Sold 2 SPY 07/21/23 Call 440.00 @ 4.49
Here’s a video we made about BWBs in general
Jerry