Sell 20 MAR 5 strike Calls at $0.50 = $(1,000)
Buy 10 MAR 6 strike Calls at $0.30 = $300
(Adjusted P&L) = $300 Debit Here's the Risk P&L Diagram for this trade:
Cramer says wait for Cypress Semiconductor to come down more and stay away from Ryerson.
The risks of a September interest rate hike are now too great to be ignored, Cramer says.