Birdinhand
Short

EFA BEARISH VERTICAL PUT SPREAD FOR 10/23/15 EXPIRATION

AMEX:EFA   ISHARES MSCI EAFE ETF
This a bearish trade on EFA             using a 10/23/15 vertical put spread. Go long the 10/23 $57 put and short the 10/23 $55 put, with a limit order at $0.65 per contract. The max gain per contract is $135, and the max loss per contract is $65, for slightly more than a 2:1 risk/reward ratio. Hold until expiration.
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