Synaptic724

BMPQ Put Spread

Short
Synaptic724 Updated   
NASDAQ:BPMC   Blueprint Medicines Corporation
BMPQ Short Spread,

Cost $1.93

75/70 Exp October 18

Max loss is $125 max gain is $200

Spread is moderate cost reward ratio is decent.

Trending lower however it may hold sideways here and rise we'll see how it pans out. It may fall under its own weight a little bit more into a support zone.
Trade closed manually:
$53 loss as it seems to be more bullish than expected
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