SBAC Put Spread
Updated
$3.99 Option Cost EXP October 18, this is a rather expensive trade I normally wouldn't pay this much for an option my general rule is $1.3-1.6 for a 3 week option per $5 width but I'll go for it since I bought it while it was into the money.
250/240 Put Spread Target is $7 profit at sale which is $300 profit at target
Max loss is $300 if it reverses.
250/240 Put Spread Target is $7 profit at sale which is $300 profit at target
Max loss is $300 if it reverses.
Trade active
Bought back the sold put at 240 for $250 and change to a 230 put
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