Initiated EBAY vertical put debit spread

action

Bought 15 contracts of EBAY $25.50 puts expiring 7/22 for 42¢ and sold 15 contracts of EBAY $24.00 puts expiring 7/22 for 13¢. Total debit after commission was $463.95, or 31¢/share (per share debits and credits always reflect the contract count of the more expensive leg.)

rationale

This is a flyer, doubling down on the rationale expressed in the previous post.

July 19, 2016 at 3:06pm · EBAY · buy to open · options · vertical


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