This stock is one of the craziest ones I’ve traded. Today the stock closed almost $55 higher from the previous close on positive earnings news and created one of the widest gaps in the stocks history. We already have a diagonal put spread on this one but we are going to add a vertical (debit) put spread on top the existing position. If the stock closes below 400 on expiration day for the March option chain this spread could yield a 54% return for us within the next two months.
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