Cash-Secured Put: 23-strike expiring 4/16 for $0.48 Cr. 80% OTM and $550 BPE for a max 9% ROC.
Trade closed: target reached
Close the 23-strike CSP. It is trading for $0.22 resulting in a $0.26 or 54% profit per contract.
Beyond Technical AnalysisshortputTrend Analysis

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