COR Put Play Short

NYSE:COR   CoreSite Realty Corporation
COR Aug 16 115 Put Price was 3.6 max loss will be 1.5 if the position ends up working against me.

I think that there may be a small sell off on COR and then it will continue higher as rate cuts price into the market.

Its possible the earnings outcome will be neutral in which case there won't be any success in this trade.

Medium Risk, Medium Reward.

my profit target will be $1.8 which is half the put price.