Today I saw some consolidation around 90 with very high volatility relative to itself. So I put on a deep OTM bear call spread as follows:
SOLD VERTICAL SHLD 100 SEP 08 110/115 CALL @ $0.40 credit
Set exit order GTC at $0.05 debit.
Sized for max loss.
0.40/4.60= 8.7% ROI potential
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