Custom Naked Call
What we call a "custom naked call" is a strategy we don't use too often but we have found success with when we do trade it. With this strategy we like to be fairly bearish on a stock, while also preparing ourselves for an upward move in the short-term. Because our goal is to always create a high probability trade, we will use a combination of 2 different strategies to increase our chances of success. First, we'll sell an OTM put credit spread and might take in a credit of say $0.50 on the sale. We'll then look to match that credit by also selling a naked call above the market for about the same credit. This will double our credit in the trade and help move the break-even point on the strategy much higher (thus increasing our probability of success). Hint: you can also think of this as entering an iron condor without the call side protection.