Bear Put Spreads

DGM Trading Options
DGM Trading Options

Buy Put at OTM of the current stock price ($1 below) and Sell Put at the target price where at the support lines level. Buy put can be expensive and sell put for additional credits to off set the buy put cost. This is a different strategy provided that you know the target price for the sell put.

Conclusion, max loss is $850 and max profit is $150. Do you think that this is the best strategy? Please feel free to comment here.

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