Anbat

GBX - Bullish Put Call Spread ( Bank Premium)

Long
NYSE:GBX   Greenbrier Companies, Inc. (The)
Underlying Stock Symbol: Today will be interesting related to this Stock company announcing EARNINGS (most time do NOT do these during earnings )
GBX
Current Price: $ 49.30
Short Option:
Write (SELL)
20th Apr $50.00 Put
Price Per Option: $2.38 ( Higher Then Long Option)
Contracts: #1 x 100
Total Cost: $238
MINUS
Long Option:
Buy
20th Apr $45.00 Put
Price Per Option: 0.85 (Lower Then Short Option)
Contracts: # 1 x 100
Total Cost: $85
Net Debit/Credit: $ 1.53 (net credit) * You get this premium/credit NOW return to your account
Entry Cost: $153
Max. Risk: $347 at a price of $45 at expiry
Max. Return: $153 at a price of $50 at expiry
Break evens at expiry: $48.45
BEST CREDIT SPREADS TO DO IS SELLING: BULLISH PUT OR BEARISH CALL SPREADS. PLEASE READ OR YOU TUBE FOR FURTHER INFO
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