Look for a bearish market where you anticipate a modest decrease in the price of the stock below the strike price of the short Put option. |
TLT $113.13
Buy to Open (1) Nov 11 116 P @ $4.75
Sell to Open (1) Nov 11 111 P @ $1.83
Net Debit: $2.92 ($292.00)
Breakeven: $113.08
Max. Profit: $208.00
Pct Return: 71.2% (28 days)
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