- Whats The Plan/Trade/Thought
With the housing market facing headwinds with rising mortgage rates soaring past 7% (The highest since 2002). Housing should expect a cooldown as it is tied directly to the rising Fed interest rates.
Risk Mitigation
- While there is an S&R line at 22.3, if price hits 24 it would point to me being wrong on the direction short term
Can You Trade The Opposite Side (Y/N)
- N
Trade Specs
- Sold 156 Calls @ 0.17
- Strike 26.5
- 23% to Strike
- BP Used: 32k
- Max Gain: 2652