Opposite of the short put spread, a short call spread is a neutral-to-bearish options strategy that is employed by traders who expect a stock to remain below a layer of resistance. This type of spread ...

The trade he was referring to was our call spread on Powell Industries, Inc. (NASDAQ:POWL). That’s a small cap industrial that’s essentially a picks & shovels play on increased demand for energy.

To construct a short call spread, you would first identify a chart level that has served as resistance in the past Opposite of the short put spread, a short call spread is a neutral-to-bearish options ...