GRPN Entry Update

rickhubbard10 Updated   
NASDAQ:GRPN   Groupon, Inc
Provided the link below to the original trade plan.

Looking for entry break below $59
Trade active: Long Put entry
19 March 21 $55 put - cost basis $0.95

Liquidity isn't phenomenal on this other than the $55 put. Will expect to exit position after first quick move is made - this considering the increased risk here.

Tightened stop as well - hold above $60. If happens expected exit is Monday. Taking loss of -0.24 delta + -.15 Theta = -0.39

Profit target = (Delta+Gamma)-Theta)= +$0.69