Synaptic724

HON Put spread

Short
NYSE:HON   None
175/160 Put Spread $4.67/0.82

$3.85 max loss 11.15 Max Gain

Willing to take a $2 loss on this. $200 max risk

September 20th exp.

Risk is medium as this has been a pretty good trend going up, it could be slowing and weakening slightly.

It may move closer to around $167. Just short term before moving higher.
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