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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. |
VXX $40.79
Buy to Open (1) Jan 12 40 P @ $4.40
Sell to Open (1) Jan 12 35 P @ $1.58
Net Debit: $2.82 ($282.00)
Breakeven: $37.18
Max. Profit: $218.00
Pct Return: 77.3% (48 days)
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