JCP

[oldnemesis]

http://www.thestreet.com/story/1355...-over-three-years.html?puc=yahoo&cm_ven=YAHOO

http://finance.yahoo.com/news/j-c-penney-shares-could-195143348.html

http://www.fool.com/investing/gener...gn=article&utm_medium=feed&utm_source=yahoo-2

http://www.fool.com/investing/gener...gn=article&utm_medium=feed&utm_source=yahoo-2

http://www.msn.com/en-us/money/stockdetails/financials/fi-126.1.JCP.NYS

http://stockcharts.com/h-sc/ui?s=jcp

Trade:
With JCP at 9.62
Jan '17 6/3 bull put spread for a net credit of $27
Yield = 27/273 = 9.9% in 263 days or 13.7% annualized
Prob = 73%
Expectation = .73(27) - .02(273) - .25(136) = 19.7 - 5.5 - 34 = -20

Price............. Profit / Loss....... ROM %
2.25................. (273.00).......... -90.10%
3.00................. (273.00).......... -90.10%
4.13................. (160.40).......... -53.47%
5.73...................... 0.00............... 0.00%
6.00.................... 27.00............... 9.90%
6.10.................... 27.00............... 9.90%
8.00.................... 27.00............... 9.90%
10.00.................. 27.00............... 9.90%
12.00.................. 27.00............... 9.90%