He was paid for the options that he sold but he also spent about 40 cents on the 10.40 call that could very easily expire worthless. That plan basically sets a 9.86 bottom price unless it gets under $9.00. It does leave the top side open to gain about $1.38 between the 10.40 and 13.00 calls minus the cost of the call and the income from the other 2 options. My math could be off a little bit.
Edited by zmracing 1/27/2018 18:44
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What's the odds Soybeans?
