UNP PUT spread 165/150

NYSE:UNP   Union Pacific Corporation
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.


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