SPY put spread 291/281
Price was $2.94 exp September 20th
Playing the news of the FED + China Tariffs
Target exit is a profit of $354
Max loss is $184
1x Spread
Price was $2.94 exp September 20th
Playing the news of the FED + China Tariffs
Target exit is a profit of $354
Max loss is $184
1x Spread
Trade active:
I have 6 spreads at the above values and I added 2 more at 293/281 $3.5 cost, Target is $850 profit, $420 loss target and failure points are as follows, China and trump make up and become best buddies and create concessions and remove tariffs on both fronts after the meeting in September or it all goes to shit and they both tariff each other. China has the best leverage as their leader is in power FOREVER. Trump has to up the anti.