Opening (Margin): /ES September 15th 2000 Short Put

12 May 2023

... for a 3.20 credit.

Comments: Akin to my /CL trade (See Post Below), a far out-of-the-money put in /ES that is a basic bet that it doesn't lose 50% of its value by September opex. 1.60 max on buying power effect of 10.74; 14.9% at max; 7.4% at 50% max.

18 May 2023

İşlem elle kapatılmış

Out for 2.40. (3.20 - 2.40)/2 = .40 ($40) profit. Money, take, run given there is still a possibility that a debt ceiling deal may not be worked out in a "timely" fashion or that it gets more than a little nervous if it goes down to the wire.