OPENING: SPY MAY 18TH 247/249 SHORT PUT VERTICAL

Updated
... for a .40/contract credit. Good ol' "buying"* on weakness ... .

Metrics:

Probability of Profit: 71%
Max Profit: 40/contract
Max Loss: 160/contract
Break Even: 248.60

Notes: I entered the defined risk spread in my kid's small account and the naked variant (the May 19th 249 short put; 3.55/contract; break even 245.45) in mine. Will shoot for 50% max ... .
Trade closed manually
Covering the spreads here for a .24 db (40% max), the nakeds for 1.84 (48% max).
Beyond Technical AnalysisoptionsstrategiesshortputverticalSPDR S&P 500 ETF (SPY)

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