The Portfolio Armor Substack

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Order Text

Trade Entry Instructions — September 10th, 2026 — First Trade

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Portfolio Armor
Sep 10, 2026
∙ Paid

Impinj (PI)

Enter these legs together as one complex order:

  1. Buy to open 1 PI April 16, 2027 $180 call,

  2. Sell to open 1 PI April 16, 2027 $200 call,

  3. Sell to open 1 PI April 16, 2027 $130 put,

  4. Buy to open 1 PI April 16, 2027 $125 put,

Maximum net debit: $4.10

Order: Day

Maximum gain: $1,590

Maximum loss: $910

Payoff figures assume one contract per leg and exclude fe…

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