Just_PIP_it

JETS neutral to slightly bullish, bear call spread.

AMEX:JETS   U.S. Global Jets ETF
Looking at opening a Bear Call Spread, earnings for airlines mid Jan, will probably close before if profitable early. Expecting range bound with a little bit of bullish sentiment retesting around $21-$22. Option Prob 80% change of closing under $22 over the next 30 days.

Trade setup
10 Calls Sold $22 Jan 21 22'
10 Calls Bought $23 Jan 21 22'
Max Profit $170, Max Loss $830
Will close if 30-40% profit captured early.
Aviso legal

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