No naked put/call buy sell , manage risk .
Classic text book divergence shown on chart. expecting move above to 240 , stop loss of 205
Buy 220 April call , 1 lot
Sell 240 April call , 1 lot
Buy April call 230 , 2 lot
Buy April 220 put , 1 lot
Don't want the march series if it goes sideways, we will get Theta thrashing.
book out folks book out