CRM - Jan.'18 Exp. Put Vertical Debit Spread Trade details:
105/98 Put Vertical Debit Spread @ $2.69
Prob. of Max Profit = 13.29%
Prob. of Max Loss = 35.05%
Break-even @ $102.31
28 D.T.E.
Trade plan:
Entry by overbought + mean reversion signals
Expecting for pull-back to the $100 level well within the at-the-money straddle expected move by expiration.
Expecting to adjust aggressively to minimize loss if price moves above $106.50 level.