Net long. Bullish bet but didn't believe RUKU would go beyond $160 at expiration, so shorted $160 to reduce his cost base.
OMFG can you be more wrong? (Don’t answer that). The dude is long the Oct 55/60 call spread AND long an additional Sep 55C. He wants the stock at inf.
We are amateur retails. Simple minded and dumb. Tell me what is wrong with the logic? Isn't he net bullish?
You got the structure wrong by stating that he wants the shares to 160. He is long a single call and a bull vertical. He wants it to rally, period. The position never flips modality. He is always long with this position.