[Opening bullish credit spread on EBAY/Simultaneously buying Jan 100 puts (XBAMT) and selling Jan 105 puts (XBAMA)/Limit net credit $1.00]
Dear Member,
I am opening a bullish put spread on EBAY by simultaneously buying the Jan 100 Puts (XBAMT) and selling the Jan 105 Puts (XBAMA) for a net credit of $1 per share. If filled, this trade would represent a 25% return on risk if no adjustment is necessary.
DISCLOSURE: At the time of publication, I have no position in the referenced options or the underlying stock.
Sincerely,
Bill Kraft for
CutLoss, Inc.
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