
Rocket New Trade Update 11-17-22
We are making another options trade on WSM Williams-Sonoma earnings after the bell. It is trading at $129.38. We are going to place a flat to bearish trade using a credit call spread from $135 to $145. Use the calls expiring tomorrow Nov 18th. We will look to absorb some of the premium priced into the upside by selling a call spread above the market.
Sell the WSM $135 Call Nov 18th
Buy the WSM $145 Call Nov 18th
This will result in a credit of about $3 which is our max profit. Our max loss is $7.00 or $700 per contract pair.
We will look for WSM to trade flat to lower on numbers.
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