Synaptic724

VAR Debit Spread

Short
Synaptic724 Updated   
NYSE:VAR   None
Var Put Spread, September 20, 135/125 Max loss is $4.05 debit is 5.95 Profit

Max gain will be the debit price max loss is $2

Possible continuation as it seems to be trending lower and sideways

Risk is low and Reward is high. Spread is expensive so it would have been more favorable to get this at $3 but this is how it goes.

Apparently I'm a bear I got too many shorts on.
Trade closed: target reached:
$470 USD profit $618 cad
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