Birdinhand
Short

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

AMEX:XME   SPDR S&P METALS & MINING ETF
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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