TRADE IDEA: VRX OCT 21ST 25 SHORT PUT
Updated
Here, I'm looking to sell some premium at or around the 30 delta strike (this one's at the 25 delta).
Probability of Profit: 70%
Max Profit: 132/contract
Break Even: 23.68
Notes: The notion here is either to keep the premium received if price stays above $25 into expiration or roll the option down and out for additional credit if it doesn't. I'm not sure at this point that I want to be put VRX at 25 (lower, as always, is better, and I think 19-20 would be "swell", although we'll just have to see).
Probability of Profit: 70%
Max Profit: 132/contract
Break Even: 23.68
Notes: The notion here is either to keep the premium received if price stays above $25 into expiration or roll the option down and out for additional credit if it doesn't. I'm not sure at this point that I want to be put VRX at 25 (lower, as always, is better, and I think 19-20 would be "swell", although we'll just have to see).
Note
Resisting the urge here to pull the trigger on this one. Something better has got to come along ... please.
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.