Trade Setup:
-1 AAL May 19 36/41 Short Put Spread @ $1.39
DTE: 57
Max Win: $139
Max Loss: $361 (will manage 2x credit, so $280)
Breakeven: $39.61
Trade Management: 50% profit; 2x credit received as max loss; Will roll out if on the dance floor.
Green is profit zone and up; Vertical black bar is expiration.
-1 AAL May 19 36/41 Short Put Spread @ $1.39
DTE: 57
Max Win: $139
Max Loss: $361 (will manage 2x credit, so $280)
Breakeven: $39.61
Trade Management: 50% profit; 2x credit received as max loss; Will roll out if on the dance floor.
Green is profit zone and up; Vertical black bar is expiration.