$VanEck Semiconductor ETF(SMH)$ SMH Bull Call Spread — Cost $60, Max Profit $140
Contracts
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Sell to Open: $300 Put (Short Leg)
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Buy to Open: $295 Put (Long Leg)
Financials
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Credit Received: $95 per spread (premium collected)
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Max Profit: $95 (premium collected if $VanEck Semiconductor ETF(SMH)$ stays above $300)
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Max Loss: $405 (strike width $5 - credit $95)
Thesis
Neutral to moderately bullish on $VanEck Semiconductor ETF(SMH)$ into Oct 20 expiration. Selling short-term premium while defining downside risk. Happy to pocket the $95 credit if $SMH stays above $300, ready to defend if it doesn't.
⚠️ Disclaimer: This is not financial advice. Options trading involves significant risk and may result in loss of capital. Past performance does not guarantee future results. Always do your own research and consult a qualified financial advisor before making investment decisions.
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