🎯 $Western Digital Corp. (WDC) Options Strategy: Bull Put Spread (Credit Spread)

- Underlying: WDC

- View: Cautiously optimistic, expecting consolidation or a modest bounce within the $580-$600 range. RSI has moved out of oversold territory.

- Strategy Type: Credit Spread / Defined Risk

- Option Contract Portfolio:

- Sell 1 WDC 17JUL26 $570 Put @ $10.44 (Mid Price)

- Buy 1 WDC 17JUL26 $560 Put @ $7.30 (Mid Price)

- Max Gain & Loss: Max Gain = Net Credit ($3.14) * 100 = $314. Max Loss = ($570 - $560 - $3.14) * 100 = $686.

- Initial Cost/Credit: Net Credit of ~$3.14 per spread.

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