Expedia Dec '16 PUT SPREAD

Just a first test to see how usable TV is when it comes to option trading idea.

Buy: Dec '16 $125.00 PUT
Sell: Dec '16 $120.00 PUT

• Initial outlay: $215 (net debit)
  
• Maximum risk: $215 at a price of $125 at expiry
  
• Maximum return: $285 at a price of $120 at expiry
  
• BE at expiry: $122.85