#LongCalls #LEAPS – Another one getting close to fully covered on the max loss but time is dwindling. Getting a bounce here so paying the 2 cents in order to get the next one sold sooner.

Bought to Close CELG MAY 11 2018 89.0/94.0 Bear Call Spreads @ .02 (sold for .56)

Sold CELG MAY 18 2018 85.5/91.5 Bear Call Spreads @ .54

Whipsaw risk is high here and need 25 cents per week out to July expiration to break even. This has been a nearer term position I tried just to see how they trade close to the end. Would love a few more months…