PNC may be rebounding a bit for a pullback to 135
Put spread 140/135 Price was $1.92, Spread 5 points.
Max loss will be twice the profit.
$1.54 will be max profit for a total of $3.46 in the spread.
Max loss is 75% of total price of spread. Which may be taken at 75% of duration of option if the play is wrong so October 14-20. If the play turns out to be wrong and continues higher.
Max loss is $144
Put spread 140/135 Price was $1.92, Spread 5 points.
Max loss will be twice the profit.
$1.54 will be max profit for a total of $3.46 in the spread.
Max loss is 75% of total price of spread. Which may be taken at 75% of duration of option if the play is wrong so October 14-20. If the play turns out to be wrong and continues higher.
Max loss is $144