Actually, I am long.
$UP Fintech (TIGR.US)$ When the stock price is around $25, I sold the $30 PUT for $7.50 premium. If the stock price rises above $30 at expiration, the profit will be the $7.50 premium. But if the stock price falls below ($30-$7.50) $22.50, there will be a loss. So I bought the $25 PUT for $1.60. Now my position is zero risk and won't incur a loss.
The maximum profit is 7.50-1.60=5.90
The minimum profit is 0.90, calculated by subtracting 5.00 from 5.90.
In this week, no matter how absurd the stock price falls, there will still be a profit of $0.90. Of course, I hope the stock price will rise.
The maximum profit is 7.50-1.60=5.90
The minimum profit is 0.90, calculated by subtracting 5.00 from 5.90.
In this week, no matter how absurd the stock price falls, there will still be a profit of $0.90. Of course, I hope the stock price will rise.
Position details.
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OrangeBanana : nice bullish put spread but this involves buying the 25P at $1.6 so it involves some element of luck being in the 25P position before the stock price tanked and selling the 30P after it tanked
OrangeBanana : but congrats on the gains wish you max profits
khayong OP : Yes, I've always had bad luck, and it's even harder to keep up my luck for a month. The stock price goes up and down, and when it goes in our favor, we need to deploy it quickly.
The Bull Put Spread tutorials on the market are all buying and selling PUT at the same time, and you will lose money. Open positions at separate times and add a little bit of luck to guarantee profit.
Dream is Possible : When will your sale expire put
khayong OP : This Friday expires.
Dream is Possible : They're not trading at the same time. At the price of 25, a 30 yuan put is about 5 yuan, not as high as 7.5. Are you selling a 30 yuan put at the current price of $22, and then buy a 25 put at the current price of $25