PM Earnings play
Updated
2.31 cost of spread 77.5/85
Earnings play as vaping is moving into a recession due to fears and cigarette sales may be higher.
It also bounced after Altria deal fell through.
Max gain will be 25% of the spread which is a sale price of $3.60
Max gain is $130.
Max loss is $130
Earnings play as vaping is moving into a recession due to fears and cigarette sales may be higher.
It also bounced after Altria deal fell through.
Max gain will be 25% of the spread which is a sale price of $3.60
Max gain is $130.
Max loss is $130
Order cancelled
Cancelled as I thought it was too risky
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