I have sold 1 Mar28 87.5 call for .43 I have bought 2 Apr20 90 calls for .54 each The position was entered for a debit of $.65 Stock currently at $87.11 The way I look at this position is come Friday, if I am between 86.33 and 89, I am positive If at 87.50, I make $40 or so Somewhere between 89 to 91 I am down $10 and above 91, become positive again After Friday expiration, I can sell the next weekly the Apr5 call, and I have a lot of options. Can then repeat this for another weekly after. The trade looks like an overal low risk trade, with good opportunity to make money as the stock sits around this area and can make a lot of money with a strong run up. I see a max risk of around $150 with a very substantial volatility drop. If volatility increases by the same drop, then the position can make a LOT of money. What am I overlooking here?