OPENING: BBBY FEBRUARY 15TH 16 SHORT PUT

By NaughtyPines
... for a 1.30 credit; delta/theta 37.77/1.70; downside break even at 14.70.

Notes: High IV/IVR with earnings on Wednesday. Will sell call against on test of break even; otherwise, will run it to expiry, cover if assigned/bag premium.
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