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You want to buy the Put, and short the Call. But, keep an eye on them; they may get traded out of your zone of confidence.
Say you expected CAPAM to open to $60M. That would equate to a Put price of $7 ($5 above your purchase price of $2). If the Put got to $10 or $12, you might consider shorting it.
BUT, be wary about holding Puts short at halt. Because the most you can make is the amount you invest. OTOH, if the movie overperforms, the amount you lose is only limited by that overperformance.
There's a Help section at the bottom of every page. Reading through the entire glossary is most helpful.
To Call or Put? EGO postulo ars Jul 13, 09:42
You want to buy the Put, and short the Call. But, keep an eye on them; they may get traded out of your zone of confidence. Jul 13, 13:28
