Bullish Outlook & Low Volatility
Buy 1 ITM Call; Sell 1 OTM Call at Higher Strike Price for a net debit.
45-60 days until expiration is optimal.
Since I am a seller of this option I will only enter trade when IV is below 50%. Rising IV will help this trade as inversely declining IV will hurt the trade.
Time works negatively against me. If the trade is not ITM (in the money) at expiration then it expires worthless.
This trade should be less than 1% of my account.
If my position shows a profit near 25-50% of the max potential gain, I will close the position early to lock in profits.
Long call strike plus net debit paid.