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katblat
Nov 7, 2020 1:42 PM

$YUM - bull put vertical  Long

Yum! Brands, Inc.NYSE

Description

Expiration 11/13
Sell 93.5 Put
Buy 92 Put
Estimated profit: $70
Max loss: $80

Setting up for a break out upwards. Have bull flag on the 4h timeframe
Comments
BinSF
The problem is there very low volume on options for this security, going to be tough to sell them. Also, I don't thinks this will run much so buying calls is very risky too. I think it just stay in a range from $100 to $92. Thoughts?? Thanks
PHITM
why you trying to cap your profits? just get a naked call after confirmation of breakout
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