Alright. DD is moving bullish. At this point, one could either sell to close the 60 OTM put for .25 OR, sell to open the 59 put to create a bear put spread. Both offset cost of trade. ALSO.. one COULD implement a bull put spread for 61/60 for May and also bring in premium
Reallifetrading
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Just an update on the terminology... This is a STRANGLE. Thank you Leda R. : )