🎯 $Western Digital Corp.(WDC) Options Strategy: Bull Put Spread (Credit Spread)
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Underlying: WDC
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View: Cautiously Optimistic (short-term oversold rebound, expecting consolidation or modest rise above $577 pivot).
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Strategy Type: Bullish, Credit Spread, Short Volatility (Selling elevated IV).
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Option Contract Portfolio:
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Sell 1x WDC put option, strike $560, expiration 2026-07-17.
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Buy 1x WDC put option, strike $550, expiration 2026-07-17.
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Max Gain & Loss:
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Max Gain: Net credit received ($3.50).
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Max Loss: Width of strikes ($10) - Net credit ($3.50) = $6.50 per spread.
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Initial Cost/Credit: Initial credit of approximately $3.50 per spread.
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