On PBR bot 2018 5Cs in Jan for 1.72, only have 2 left but they are worth 7.15 now. I was selling half as many nearby 5Cs at outrageous premiums, sometimes worked, sometime PBR dropped enough lost money, but in long run very profitable because PBR did not go broke.
The concept was the same, on super beaten up big companies down more that 90, even 95% going out 2years to 2018 on about ATM options. Has worked.
Cheers
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