🎯 $Under Armour Class A (UAA) Options Strategy: Bull Call Spread
- Underlying: UAA
- View: Cautiously optimistic for a short-term rebound, testing resistance at $6.40-$6.58.
- Strategy Type: Debit Spread / Directional Bullish
- Option Contract Portfolio:
- Buy 1 UAA 2026-08-21 $6.00 Call @ $0.80
- Sell 1 UAA 2026-08-21 $7.00 Call @ $0.325
- Max Gain & Loss:
- Max Gain: $0.125 per spread ($100 - $80 = $20 * (1 - 0.24) = $15.20 net credit? Wait, let's recalc: Max profit = (Higher strike - Lower strike) - Net Debit = ($7 - $6) - $0.475 = $1.00 - $0.475 = $0.525 per share, or $52.50 per contract. My initial cost is $0.475 debit, so profit is capped at $0.525. Max Loss: Limited to the net debit paid, $0.475 per share, or $47.50 per contract.
- Max Loss: Limited to the net debit paid, $0.475 per share ($47.50 per contract).
- Initial Cost/Credit: Net Debit of ~$0.475 per share ($47.50 per contract).
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