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PBF Energy Inc.
Short

PBF Energy Dec '16 PUT SPREAD

By gremlin
This looks like a sure bet to me (and it's a good hedge against the SM Energy CALL SPREAD).

Buy: Dec '16 $22.50 PUT
Sell: Dec '16 $20.00 PUT

  • Initial outlay: $120 (net debit)
  • Maximum risk: $120 at a price of $22.50 at expiry
  • Maximum return: $130 at a price of $20 at expiry
  • BE at expiry: $21.30
options
gremlin
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