Emergency
So sorry but there was a family emergency which meant a lot of travel on the UK’s overoccupied motorways. Said emergency now de-escalated to moderate concern. Time has eluded me, but last week’s trade did nothing much.
Keep a look out for some content during the week
Trade 224 A New Expiry, July, And Increased Vol at last
This is NOT, repeat NOT for the faint-hearted. We are selling 4(four) 6500 puts and buying only 1 solitary 7000 put. Those prices: 29×4, 120.5. Debit 4.5 .
8 (x4) and 41.5 = 9.5. The max we could have got this week was 12.5, 4.5 cost, so we made 8.
