Long
SOLD VRX MAY 20TH 15 SHORT PUT
What's not to like about a play that will get you more than 1.00 credit ($100)/contract at a strike $11 below current price?
Here are the metrics:
VRX May 20th 15 short put
Probability of Profit: 74%
Max Profit: $1.37 ($137)/contract
Buying Power Effect/Max Risk: ~$150/$1363 (assuming you do nothing, get assigned the shares at $15/share, and the stock goes to "0" without your selling calls against).
Notes: In this particular case, I'm fine with taking assignment of the stock at $15/share if it comes to that, but will look to exit the trade at 50% max profit.
Here are the metrics:
VRX May 20th 15 short put
Probability of Profit: 74%
Max Profit: $1.37 ($137)/contract
Buying Power Effect/Max Risk: ~$150/$1363 (assuming you do nothing, get assigned the shares at $15/share, and the stock goes to "0" without your selling calls against).
Notes: In this particular case, I'm fine with taking assignment of the stock at $15/share if it comes to that, but will look to exit the trade at 50% max profit.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.