THis is similar idea to WES ( see link) accept even more defensive sector ( telecommunications) ....
managed to get a Bull credit spread as follow:
sold 120 shares strike 3.15 June expiry ( european) for- 0.06
buy 3.05 +0.02
spread -0.04 for porfit credit of $480
9 trading days left - time decay so only has to stay at same or better price by then....
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.