$3.99 Option Cost EXP October 18, this is a rather expensive trade I normally wouldn't pay this much for an option my general rule is $1.3-1.6 for a 3 week option per $5 width but I'll go for it since I bought it while it was into the money.
250/240 Put Spread Target is $7 profit at sale which is $300 profit at target
Max loss is $300 if it reverses.
Not sure why I didn't post this earlier, just now saw the insider sale of -56% change & caught my eye. Luckily I had the layout saved & it was right how I left it lol. -$20M outflow, wild. Chart isn't based on that just of itself though, was a reminder of $AIZ recently, ($TSLA too but, yeah). Possibility of seeing 141%, but would be much safer on the short side....
SBAC has been on a strong bull run since the beginning of 2012 and began to be of interest when it broke above $60 later that year.
However, trading it from the daily would have required quite wide stops to accommodate the frequent, fairly prolonged and deep pullbacks. The set-up in the last few days looks promising but I would want to wait and see a more linear...
