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| 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. |
IWM $64.30
Buy to Open (1) Oct 11 69 P @ $6.04
Sell to Open (1) Oct 11 64 P @ $3.13
Net Debit: $2.91 ($291.00)
Breakeven: $66.09
Max. Profit: $209.00
Pct Return: 71.8% (20 days)
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