🎯 $International Business Machines(IBM) Options Strategy: Bull Put Spread (Credit Spread)

- Underlying: IBM

- View: Cautiously optimistic for a short-term oversold bounce, but with significant downside risk. The strategy aims to capitalize on the high IV to collect premium while defining risk.

- Strategy Type: Credit Spread / Defined Risk

- Option Contract Portfolio:

- Sell 1 IBM Put, Strike $210, Expiry 2026-07-24

- Buy 1 IBM Put, Strike $205, Expiry 2026-07-24

- Max Gain & Loss:

- Max Gain: Net Credit Received = ~$1.34

- Max Loss: (Strike Difference - Net Credit) = ($5 - $1.34) = ~$3.66

- Initial Cost/Credit: Net Credit of ~$1.34 per share.

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