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April 14, 2016 at 3:16 pm
#5418
IncomeLab (Old)
Participant
I am going to SELL TO OPEN 1/2 size Bull Puts here:
SOLD -5 VERTICAL SPX 100 MAY 16 1980/1970 PUT @1.00 CBOE
This trade will be short delta down to 2040. IF/WHEN we get there I’ll deal with downside risk.