Stock, Option and Futures Trading
IYR Short OCT 48 Puts
Next week I am going to enter the IYR OCT 48 put. The targets are $46 then $38 on the stock.
The put closed Friday at $1.30 and I was not here to get in on Friday so I will probably have to pay up to $1.40 for this put if IYR gaps down on Monday. I am willing to pay up to $1.50 for this put right at the open and if it opens higher than $1.40 I will wait for a new entry.