Trade Idea Vertical Spread: Sell IBM – 15June 138 PUT Buy 15June 130 PUT credit 0.88
Note: If the market moves against the trade within 1-2 days I will simply blow it out. Intent is to take advantage of the selloff:
Trading options is highly risky, please consult a registered broker prior to taking any trade idea to insure it is within your risk tolerance. Risk is 1:9 which means there is a risk of losing $9.10 for every $1.00 of potential gains.