PYX is getting into pot and up and down like crazy but what I really like about them for the LTP is:
- Buy 25 PYX 2021 $15 calls for $30 ($75,000)
- Sell 25 PYX 2021 $55 calls for $20 ($50,000)
- Sell 5 PYX Nov $50 calls for $7 ($3,500)
So the net is $21,500 and we are selling just 37 out of 828 days and it's a 1/5 sale so we have 20 of those ahead of us for a potential $70,000 return on our $21,500 investment PLUS up to $100,000 back on the spread if we're over $55. I love this trade!
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