🎯 $Zillow (Z) Options Strategy: Bull Call Spread

DailyOptions999
07-10 14:26

$Zillow(Z)$

- Underlying: Z

- View: Cautiously optimistic, testing resistance at $33.44, with MACD bullish divergence and RSI(6) at 63.55 indicating potential for a continued short-term bounce. The primary risk is the strong resistance at $41.72.

- Strategy Type: Debit Spread (Directional Bullish)

- Option Contract Portfolio:

- Buy 1 Z 2026-08-21 $32.5 Call @ $3.70 (mid-price)

- Sell 1 Z 2026-08-21 $40.0 Call @ $1.20 (mid-price)

- Max Gain & Loss:

- Max Gain: $550 [($40.0 - $32.5) - ($3.70 - $1.20) * 100]

- Max Loss: $250 [($3.70 - $1.20) * 100]

- Initial Cost/Credit: Net Debit of $250 per spread.

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