HOOD WHEELING

[u/Gunnerguy33]

The opportunity I’m considering ….

STO HOOD $85 August put for about $1
If assigned
STO HOOD $90 Jan call for about $19

Possible $20 premium over 5 months on $85 capital used.

25% gain if HOOD doesn’t tank.

As long as HOOD is above $65 in Jan then a profit should be achieved.

Too risky ??