AEP - May '18 Exp. Put Vertical Credit Spread
65/60 Put Vertical Credit Spread @ $1.00
Prob. of Max Profit = 70.13%
Prob. of Max Loss = 10.10%
Break-even @ $64.00
Entry by oversold + analysis
Expecting $68.00 to survive possible test before report next week for an uptrend continuation before May '18 expiration.
Using longer duration for some more premium + allow for adjustment if trade goes very wrong.
Expecting spread to expire worthless but will take early profit + place new trade with same bias around if IV swells premium up enough to give a greater edge.