Ross stores in the retail sector has not performed too well in general, and many retailers post earnings seem to demonstrate industry group weakness. In order to capitalize on neutral to bearish price action post earnings, Scott uses time, price, volatility and probability to structure a short call vertical spread. The trade is a risk defined and reward capped trade that is sol for a credit and has a greater than 68% probability of profits before expiration.
Your First Trade
24 May 2021
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