Closed (IRA): /GE December '22 98.50/98.75 Long Put Vertical
... for a $215 debit.
Comments: I opened these for a $25/contract debit wayyy back in February of 2021 (See Post Below) when / GE was trading above 99.75, betting that -- at some point -- Eurodollar futures would return to their prepandemic levels and gave the play oodles of time to work out.
Closed them on Friday for $210/contract with 268 days to go, with / GE finishing the day at 98.3950.
Comments: I opened these for a $25/contract debit wayyy back in February of 2021 (See Post Below) when / GE was trading above 99.75, betting that -- at some point -- Eurodollar futures would return to their prepandemic levels and gave the play oodles of time to work out.
Closed them on Friday for $210/contract with 268 days to go, with / GE finishing the day at 98.3950.
