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Today's 516PUT never crossed above its open so it was not bought, no loss. However, if it had been a buy above 1.40 near the open the first LOD would have been around 1.10, and that would have been the end of the day for the puts.

Meanwhile, as I write this, today's 514CALL is up $545 for each $1K put in the play. So, as of this moment, net for the strategy is...$545.

So it goes...

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Michael Petryni
Michael Petryni

Written by Michael Petryni

Journalist, film critic, screenwriter, proprietary trader seeking simplicity in trading. https://thegodoftrading.medium.com/subscribe

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