Looking to profit from high IV on September puts. This is probably a risky trade, but has high reward potential. I got a .20 credit on entering it today. Details on chart.
Comment
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Oops, the price needs to stay above $65, not $50. Kinda important.
Trade closed: target reached
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The short side of this combo expires today. I've closed the entire combo for $3.86 -- that's from a cost of -.19. Lucky that whatever news was expected never materialized...