“We’re buying a put and selling another put at a lower strike.” Buying 170 and selling 155? — That’s what I did and just realized it was meant to be the reverse….lost $$$$. Maybe should be more specific — ie. Buy __ put, sell __ put? My bad?
No, the trade was pretty clear. Buy the higher priced put ($170) and sell the lower priced put ($155). Sorry you got hat confused, the the text is very clear and specific on the page.
“We’re buying a put and selling another put at a lower strike.” Buying 170 and selling 155? — That’s what I did and just realized it was meant to be the reverse….lost $$$$. Maybe should be more specific — ie. Buy __ put, sell __ put? My bad?
No, the trade was pretty clear. Buy the higher priced put ($170) and sell the lower priced put ($155). Sorry you got hat confused, the the text is very clear and specific on the page.
Dan