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




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