🎯 Wayfair (W) Options Strategy: Bull Put Spread (Credit Spread)
- Underlying: W
- View: Cautiously Bullish / Expecting Consolidation above support.
- Strategy Type: Credit Spread / Defined Risk, Bullish.
- Option Contract Portfolio:
- Sell 1 W PUT $85.00 expiring 2026-07-02 @ ~$2.34 (Mid Price)
- Buy 1 W PUT $80.00 expiring 2026-07-02 @ ~$1.46 (Mid Price)
- Max Gain & Loss: Max Gain = Net Credit Received (~$0.88). Max Loss = Width of Spread ($5.00) - Net Credit = ~$4.12.
- Initial Cost/Credit: Initial Credit of ~$0.88 per share.
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