NaughtyPines
Long

PREMIUM SELLING: SOLD SRPT AUG 26TH 10 SHORT PUT

NASDAQ:SRPT   SAREPTA THERAPEUTICS INC
... for a 1.30 ($130)/contract credit. I probably could have worked for a better fill by $5-$10, but wanted to get this last trade on before the close.

Metrics:

Probability of Profit: 86%
Max Profit: $130/contract
Max Loss: Undefined
Buying Power Effect: $100/contract
Break Even: 8.70

Notes: I'll look to take this off at 50% max. It's a trade, not an investment ... .
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