Bear Call Spread on JNJ

Bear Call Spread Sell 195 Call strike and Buy 200 Call Strike, Exp: Nov 28 (45 DTE) for no less than $1.55

Trade has about 67% probability of profit
Taking advantage of high IV rank of 40
Credit received = $155
BP Effect = $345
Max Loss = (5 - 1.55) * 100 = $345
Breakeven = 195 + 1.55 = $196.55

Percentage return: (155 / 345) * 100 =44.928%

Exit Target: 40% - 70% of Credit received ($62 - $108.50)
Stop-loss: close if price threatens the short strike and cost to buy back exceeds 50% of max loss or predefined dollar loss,
Exit no later than 7 days before expiration
JNJ has seen a significant rise and it at ATH, RSI indicator also shows JNJ being overbought

Trade is just for educational purposes and willing to learn consistent option trading