Expedia Dec '16 PUT SPREADJust a first test to see how usable TV is when it comes to option trading idea.
Buy: Dec '16 $125.00 PUT
Sell: Dec '16 $120.00 PUT
Initial outlay: $215 (net debit)
Maximum risk: $215 at a price of $125 at expiry
Maximum return: $285 at a price of $120 at expiry
BE at expiry: $122.85