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RH at 327
I’m looking for a move lower over the next few weeks. I could be wrong, so only willing to risk what I am willing to lose.
The way I’m going to play this is to buy a longer dated put (6MAY 315 PUT) and sell a shorter dated put against it to reduce the cost of the long put (22APR 300 PUT)
Selling the 300 put will reduce the cost of the 315 put from 14.00 to 8.00
$800 debit is what this trade is going to cost and this the max I can possibly lose.
Chart:
Order Ticket:
Risk Profile:
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