DislikedHoping I'm not stepping in front of a bus here: VRX Sept 16th 17.5 short put Prob of Profit: 76% Max Profit: $91/contract Max Loss: Undefined (it's really the strike price x 100 minus the credit received in this case, since the stock can't go below "0") Buying Power Effect: $175/contract Break Even: 16.59 Notes: Earnings is coming up here, but I'm basically taking these trades at this point whenever high IVR/IV is present. There are simply too few underlyings in that state to pass on right now ... .Ignored
Fireworks are fun ... as long as you don't blow your fingers off.