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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. |
SSO $39.53
Buy to Open (1) Dec 11 44 P @ $5.20
Sell to Open (1) Dec 11 39 P @ $2.16
Net Debit: $3.04 ($304.00)
Breakeven: $40.96
Max. Profit: $196.00
Pct Return: 64.5% (20 days)
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