This trade was discussed in the morning Investing Strategy Notes for today.
Trade 1: Dec 17 Expiry: credit put spread
Sold 20 put contracts for Dec 23 expiry at the $435 put strike (not the 432 as outlined in the morning Investing Strategy Notes) for $0.65 at 11:51 = ($1300.00)
Bought 20 put contracts for Dec 23 expiry at the $400 put strike for $0.16 = $320.00
This forms a $35 credit put spread returning 1.4%.
I am offering to buy to close early for 25 cents and will reduce that amount each day next week until expiry Dec 23.
Questions? Sse ASK TEDDI
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