CRON stock Strangle Strategy options

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We see CRON stock parabolic run during the past two weeks. Perfect set up for sell strangle options strategy

Sell Oct 19 17.5 Call and 7.5 put for 1.18 credit with 4 contracts. Max Profit: $442

Propbability of profit: 73%

Take profit at 1/3 of credit and stop loss at 2X of credit
Commentaire
Call leg closed, target profit hit.
Trade fermée: cible de profit atteinte
put leg closed, hit the profit target
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