Trader executed September $45/$42 bull risk reversal 10,000x for a credit of $1.45, $1,450,000. Maximum risk is similar to going long at $40.55. Profit potential is unlimited.
The trade is bullish, looking to capitalize on recent market weakness and for a sustained move above $40.55 to break even. Chart below marks break even point for the trade.
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No position at this time. Position declarations are believed to be accurate at time of writing but may change at any time and without notice.