UNP PUT SPREAD 165/150 September 20th expiry
Price was $4.35 kind of expensive, market is down trending due to tariffs and weak rate cut also china escalation with yuan devalue + agricultural stoppage on imports from USA.
May continue until Powell speaks up about another cut, as far as it goes this sounds like a good play.
Light risk, Medium Reward, Pricey spread.
Target is $8.70 profit vs $2.75 risk.
Price was $4.35 kind of expensive, market is down trending due to tariffs and weak rate cut also china escalation with yuan devalue + agricultural stoppage on imports from USA.
May continue until Powell speaks up about another cut, as far as it goes this sounds like a good play.
Light risk, Medium Reward, Pricey spread.
Target is $8.70 profit vs $2.75 risk.