Options trade - Bull Put Spread
technical - seems like a two legged correction in a weak bullish trend of equal amounts has indicated a pause in price ;
The at the money put at 16.50 is sold for credit for Aug 20th expirey;
The out of money put at 15.50 is bought for debit
net credit $1000
scenarios -
1. If > 16.50 at expires keep money
2. if between 15.50 & 16.50 try to get out around breakeven...
3. If really goes down hard < 15.50 strike or breakeven point, may have to roll down for small loss...
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.