JETS ETF - Protected Bearish Inclination 18 Sep expiry

There seems to be a resurgence of COVID-19 cases across the globe. Before Sep 18 I doubt there would be positive news for the travel industry, especially in the US.

As price broke the support line, technically theres a chance it will continue dropping.
Positive news on the stimulus won't help travel and I do not expect an influx of investors into the travel industry as it is one of the weakest sectors and money would probably flow first into something more solid like tech or at least the S&P 500 .

  • This is a protected trade. If price goes bearish , I have a chance to hit my max gain of est. $3222 but I must close the contract before it drops too much my way otherwise I will start losing.
  • If prices don't go my way (goes bulls up) or ranges I will collect est. $1250
  • Would prefer this to be a 4 weeks contract, but 18 Sep (8 Weeks) had a better price for my trade structure

Sold 80 Puts @ 0.26, Strike 12
Bought 10 Puts @ 0.73 Strike 14
BP block: 10k

Max gain - est $3222
Planned Minimum gain - est $1250

Trade closed: target reached: Target reached at +USD 1292 :)


Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out