Trade: Provided it does not gap over $133, we recommend selling 10 Mar 140/150 bear call spread (39 DTE) for mid-point or better of $.72/share. Strategy: Bearish engulfing topping tail bar at Major Resistance after earning release.
Max Gain: Premium received of $720. ROI: 7.7%, with 7.5% cushion to break even of $140.72/share.
Max Loss: Spread width less premium. Stop Loss: $136.02