Hamzei_Analytics · @HFT_StockOption
8th Mar 2013 from Twitlonger
March 8, 2013
IWM Triple Bull (TNA)
Bias: Bullish
Price Target: $87.5
We are bullish on TNA for the upcoming week and want to initiate a long position via a short put vertical. The reason for this strategy is to have a theta advantage in our favor.
SELL To OPEN 7 Mar-16 TNA 87.5 Puts trading at $2.58
BUY To OPEN 7 Mar-16 TNA 86.5 Puts trading at $1.99
TNA is now trading at $85.90
This spread is now trading at $0.59
The Total Credit for this trade is $4.13
Day Order Only