I opened 1.0 unit(s)
$MSFT VERTICAL 250417 CALL 460.0/CALL 470.0$ ,
As I have just opened a bull call spread $415/$430 strikes for about debit $7, I wanted to reduce this cost. Looking at the chart, the all time high for MSFT is around $468. The next earning announcement is tentatively scheduled on 29 Apr. I think price should stay below the all time high before the next earning announcement. So, I decided to open this bear call spread strikes $460/$470, to collect some premiums to pay for the bull call spread position.
Happy trading😁
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