RE: Papa John Setting Up For A Short by rollandthomas

hive-167922 · @rollandthomas · May 28 '20

$0.04

That's a monthly chart, so price is near the highs.  A pure put with a bear call credit spread to finance the put might be an options.

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👍 shortsegments

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properties (23)vote details (1)

Thats a very creative option. The downward movement in the stock would make the bear call spread drop in value, which is just what you want and the put purchased from the credit would increase in value, just like you want and your not much out of pocket. Thanks

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