Opened a bull call spread.

music selection:  “He’s My Thing” — Babes In Toyland

weigh-in:  186.2 +1.4 (broke a 16 week win streak).

Chip makers are hot because of the backlog and I like the chart of STM.  So I bought a bull call spread.  With shares trading at 44.95, I bought the 40/45 strike bull call spread with 15OCT2021 expiry for 3.7492 per share (13 spreads).  The trade enjoys 2.67% downside protection.  I have 4,874 in capital at risk for 33 days.  Should the price rise by a nickel and stay there for expiry, I will earn the full profit of 1,626 or 33.4% which is 369% annualized.

My bull spread in TEL continues to be threatened with expiry coming this Friday.  I bought at 3.55 a share and have a limit order to close at 1.75, which is unlikely to fill.  I will be watching this one closely.

Devour your prey raptors!

STM Bull spread with yield up to 369%

Never miss another opportunity to devour prey!

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