🎯 $Under Armour, Inc. (UAA) Options Strategy: Bull Call Spread
- Underlying: UAA
- View: Bullish with expectation of a move towards $7.50, but acknowledging overbought RSI (77.28) suggests near-term consolidation risk. The high IV environment (69.51%) and IV Percentile (86.45%) make outright long calls expensive.
- Strategy Type: Debit Spread / Defined Risk Bullish
- Option Contract Portfolio:
- Buy 1 UAA 19-SEP-2026 $7.00 Call @ ~$0.70 (Estimated)
- Sell 1 UAA 19-SEP-2026 $8.00 Call @ ~$0.30 (Estimated)
- Max Gain & Loss:
- Max Gain: $60 per spread ($1.00 width - $0.40 debit)
- Max Loss: $40 per spread (net debit paid)
- Initial Cost/Credit: Net Debit of ~$0.40 per share.
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