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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. |
TLT $116.48
Buy to Open (1) Dec 11 120 P @ $6.15
Sell to Open (1) Dec 11 115 P @ $3.10
Net Debit: $3.05 ($305.00)
Breakeven: $116.95
Max. Profit: $195.00
Pct Return: 63.9% (40 days)
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