### Comment:
Yeah, so if it closes above $100 I make $12400, and I basically subtract $200 for every dollar it closes below that. Max loss is $7600 if the stock goes to $0. Didn't make sense to do anything but naked because the spreads were wide

### REPLY:
The $38 breakeven is pretty grand, and despite my other comment, this actually seems pretty reasonable. Still, you could’ve made that same $100 strike sale for Jan 2019 and gotten something in the high $30s (it actually topped out in the low $40s today) and left yourself in a much more likely position to make a profit regardless of price action. (Again: theta)

### END.