Todd Gordon of TradingAnalysis.com suggested on CNBC's "Trading Nation" a bearish options strategy in Apple Inc. AAPL.
He explained that the stock is underperforming the Nasdaq 100 and it failed to recapture June 14 high. Gordon noticed that implied volatility is high and he wants to sell a call spread to make a bearish bet. He wants to sell the July 145/150 call spread for $1.65.
If the stock stays below $145 at the July expiration, Gordon is going to collect the premium. The trade is going to lose money above $146.65 and it can maximally lose $3.35.
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