We see CRON stock parabolic run during the past two weeks. Perfect set up for sell strangle options strategy
Sell Oct 19 17.5 Call and 7.5 put for 1.18 credit with 4 contracts. Max Profit: $442
Propbability of profit: 73%
Take profit at 1/3 of credit and stop loss at 2X of credit
Sell Oct 19 17.5 Call and 7.5 put for 1.18 credit with 4 contracts. Max Profit: $442
Propbability of profit: 73%
Take profit at 1/3 of credit and stop loss at 2X of credit
Comment:
Call leg closed, target profit hit.
Trade closed: target reached:
put leg closed, hit the profit target