Quote:
Originally Posted by BimmerDimmer6
What is your upside/downside on those puts?
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I have puts in SPY and AXP. Both which I'm down on as we speak, but I just bought them last week so theres still plenty of time to go.
AXP - 95p - 06/19
SPY - 295p - 06/19
Rmtt Thank you for the XSPA play. Was up 95% this morning when I checked. I'll ride it for a bit longer, but put a stop loss just in case.
Edit: Also, keep in mind. You don't necessarily have to hit the strike price to make money with options. Over 70% of the options are sold prior to the expiration date due to the time decay.