NaughtyPines
Long

SOLD VRX MAY 20TH 15 SHORT PUT

NYSE:VRX   VALEANT PHARMACEUTICALS INTL I
What's not to like about a play that will get you more than 1.00 credit ($100)/contract at a strike $11 below current price?

Here are the metrics:

VRX             May 20th 15 short put
Probability of Profit: 74%
Max Profit: $1.37 ($137)/contract
Buying Power Effect/Max Risk: ~$150/$1363 (assuming you do nothing, get assigned the shares at $15/share, and the stock goes to "0" without your selling calls against).

Notes: In this particular case, I'm fine with taking assignment of the stock at $15/share if it comes to that, but will look to exit the trade at 50% max profit.
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out