Paul, you bought a bear put spread. You want MID to go down below 560 and stay there. If MID goes above 570 and stays the spread would expire worthless.
--- In OptionClub@yahoogro
>
> sold 560 put on the index "mid"
> buy 570 put on index "mid"
>
> october expiration
>
>
> now what? if the stock goes above 570. goes below 560. stays between
> I have done credit spreads before, never debit spreads.
>
> Want to sell for profit asap.
>
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