Not financial advice. Options involve risk and are not suitable for all investors. Data is delayed up to 15 minutes.
Sell an OTM put and an OTM call spread to collect credit with no upside risk when the credit exceeds call spread width.
Sell an OTM put and an OTM call spread to collect credit with no upside risk when the credit exceeds call spread width. This strategy has a neutral outlook and undefined risk.
Net credit received
Short put strike - net credit if stock falls to $0
Short put strike - net credit