... for a .53 credit.
Comments: Adding a short put element to what was a long call diagonal (June 17th 25 Long Call/February 18th 32 Short Call). Up to this point, my cost basis in the diagonal alone was 5.45, implying a 30.45 break even relative to where EWZ is currently trading at 27.90. I wanted to bring the setup break even closer to where EWZ is currently trading, and selling this put results in a net cost basis of 4.92 with a break even of the long call strike (25) + 4.92 or 29.92.
I'll look to roll the short strangle (short put/short call) as a unit to reduce cost basis further, assuming we don't get a bodice ripper up to >32, at which point the diagonal should begin to converge on max.
Comments: Adding a short put element to what was a long call diagonal (June 17th 25 Long Call/February 18th 32 Short Call). Up to this point, my cost basis in the diagonal alone was 5.45, implying a 30.45 break even relative to where EWZ is currently trading at 27.90. I wanted to bring the setup break even closer to where EWZ is currently trading, and selling this put results in a net cost basis of 4.92 with a break even of the long call strike (25) + 4.92 or 29.92.
I'll look to roll the short strangle (short put/short call) as a unit to reduce cost basis further, assuming we don't get a bodice ripper up to >32, at which point the diagonal should begin to converge on max.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.