stock share, buy stock

[Opening Bearish Call Spread on Emerson Electric (EMR)/Simultaneously Buying to Open Apr 90 Calls (EMRDR) and Selling to Open Apr 85 Calls (EMRDQ)/Limit Credit of $1.15/Day Order] Dear Member: Emerson Electric (EMR) has been unable to break through resistance around 84. I am placing an order to open a bearish call spread. I am placing an order to buy the Apr 90 calls (EMRDR) and sell the Apr 85 calls (EMRDQ) simultaneously for a credit of $1.15 a share before commissions. If filled, my account will be credited with $1.15 a share less commission tomorrow. My initial risk would be $3.85 a share so the return on risk would be 29.9% in 46 days if the stock closes below 85 at expiration and I have made no adjustments in the meantime. DISCLOSURE: At the time of publication, I have no position in the referenced options or the underlying stock. Sincerely, Bill Kraft for CutLoss, Inc.
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