I put in three deep ITM option spread trades today.
I am bearish on HON and JNPR and bought the bear put spreads for July.
The JNPR spread (32/31) cost $80 and and has a potential profit of $20. ( I purchased 2 spreads) The HON spread (67.5/65) cost $180 and has a potential profit of $70.
I also put on an ITM bull call spread (62.5/65) on PBR which also cost $180 and has a profit potential of $70.
Tuesday, May 20, 2008
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