OPENING: GPRO JAN 20TH 9 SHORT PUT
Updated
The simplest option play in the book, and too juicy to pass up ... .
Metrics:
Probability of Profit: 65%
Max Profit: $100
Max Loss/Buying Power Effect: $800, assuming you do nothing and the stock goes to zero/broker dependent
Break Even: $8.00
Notes: I got this filled earlier today for a 1.00 ($100) credit. It's still going for .96 at the mid price, however.
Metrics:
Probability of Profit: 65%
Max Profit: $100
Max Loss/Buying Power Effect: $800, assuming you do nothing and the stock goes to zero/broker dependent
Break Even: $8.00
Notes: I got this filled earlier today for a 1.00 ($100) credit. It's still going for .96 at the mid price, however.
Trade closed manually
Covering for scratch here on this bounce. Could still be a good play; I'm just looking to flatten going into the New Year.
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