2.31 cost of spread 77.5/85
Earnings play as vaping is moving into a recession due to fears and cigarette sales may be higher.
It also bounced after Altria deal fell through.
Max gain will be 25% of the spread which is a sale price of $3.60
Max gain is $130.
Max loss is $130
Earnings play as vaping is moving into a recession due to fears and cigarette sales may be higher.
It also bounced after Altria deal fell through.
Max gain will be 25% of the spread which is a sale price of $3.60
Max gain is $130.
Max loss is $130
Order cancelled:
Cancelled as I thought it was too risky