OUT (ad space REIT)This trade involves selling a put and using the credit from the short put to buy a long call.
+1 $20 CALL 3/17/23.
---{share price $15.94}---
-1 $12.5 PUT 3/17/23.
$10 credit at order.
Requires $1,250 collateral for the short put.
Note
Here's a slight variation with a larger credit, as well as add'l profits to start hitting earlier at share price $17.50 (10% from current price). $12.5 Put 3/17/2023 Exp • Sell -$0.85
$17.5 Call 3/17/2023 Exp • Buy $1.38
$20 Call 3/17/2023 Exp • Sell -$0.75
Total Credit $0.22
Max Profit +$273.00 @ $20 (change in share price: +25%).
Breakeven $12.27 (change in share price: -23%).
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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.