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Birdinhand

XME Bearish Vertical Put Spread for 10/9/15 Expiration

Short
SPDR S&P Metals & Mining ETF (AMEX:XME)  
Birdinhand  
AMEX:XME   SPDR S&P Metals & Mining ETF
XME Bearish Patterns verticalspread vertical verticals put puts spread spreads shortsetup short shorting shorts shorttrade limit MAX maxgain maxloss riskreward risk_reward birdinhand birdinhandtrading tradebirdinhand
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xme bearish verticalspread vertical verticals put puts spread spreads shortsetup short shorting shorts shorttrade limit max maxgain maxloss riskreward risk_reward birdinhand birdinhandtrading tradebirdinhand
This a bearish trade on XME using a 10/9/15 vertical put spread. Go long the 10/9 $17 put and short the 10/9 $16, with a limit order at $0.31 per contract. The max gain per contract is $69, and the max loss per contract is $31, for slightly more than a 2:1 risk/reward ratio. Hold until expiration.

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