4 thoughts on “Education

  1. Looks to me like you sold a weekly put with 3 days to go, and bought a strangle about a month out. Debit of $4.29 per contract or -$1287 right now. If the Nov22 put expires, your debit is then -$924. If the trend remains steady or bullish, next week you will sell another put to further reduce your cost. By 12/20/19 your debit balance should be be close to zero and if the Q’s are below 197.5 or above 202 then, it’s pure profit. That doesn’t cover all the what-ifs but am I following this trade correctly so far?

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