Weekly Bear Call Spread on Micron Technology (MU) — Alpaca Paper Account P&L, Risk Metrics & Trade Analytics
This strategy runs a weekly Bear Call Spread on MU (Micron Technology) via the Alpaca paper-trading API. The spread is a net-credit, defined-risk options strategy with a bearish directional bias. Premium is collected up-front; the trade is profitable if MU stays below the short strike at expiry.
The spread is opened every Monday morning (9:40 ET) and closed every
Thursday afternoon (15:45 ET), targeting the following Friday's weekly expiry.
Because the Np2 account runs multiple strategies on different underlyings,
all performance metrics on this page are computed exclusively from MU option legs
(OCC symbols matching MU[date][CP][strike]).
This strategy requires Level 3 (Spreads) options approval on each Alpaca account. Level 3 allows multi-leg defined-risk spreads (iron butterflies, iron condors, verticals, etc.). Accounts must also be margin-enabled.
Apply via: Alpaca Dashboard → Account → Trading → Options Trading → Level 3.