Bear Call Spread Options Trade Proposed to Profit from Square's Pullback Tied to Bitcoin
- SQ stock has pulled back recently along with bitcoin
- Article discusses setting up a bear call spread options trade to profit if SQ stays below $75
- Involves selling a $75 call and buying a further out-of-the-money $80 call
- Defines risk as maximum $400 loss if SQ closes above $75 at expiration
- Notes traders bullish on SQ should not enter this bearish trade