SOLD VRX SEPT 16TH 17.5 SHORT PUT

Description

⋅ Jul 26, 2016 6:41 PM

... for a .91 ($91) credit ... .

Here are the metrics:

Probability of Profit: 76%
Max Profit: 91/contract
Max Loss/Buying Power Effect: Undefined/175/contract
Break Even: 16.59

Notes: I'll look to take this off at 50% max profit. Not interested in being married to a position with this cluster of a company ... .

Trade closed manually

⋅ Aug 5, 2016 10:42 PM

Covering this for an .85 debit, which is basically a scratch. Have my eye on "sexier" plays ... .

Comments

baerrus

⋅ Aug 5, 2016 10:56 PM

Why closing? Looks like it was treading water whic is what you want being short.

NaughtyPines

⋅ Aug 5, 2016 11:08 PM

Oh, just want to free up the buying power for other stuff. Really, what I should have done is just cover a few units ... .