DELL credit spread

Chart is DELL vs. MSFT and the broader Nasdaq today. Also Dell sold off in the after market.

I sold a bearish credit spread on DELL today.

I sold 6 of the July 13 call for $0.22

I bought 7 of the July 14 call for $0.04

Dell is a sad, sad stock compared to the rest of the tech sector today and I am betting that condition stays at least partially true until the end of the week.

Ryan