Ticker: GLD
Position:
- 21st Feb 2020 Put debit spread
- Long $150 strike Put - delta 0.90 - cost = $3.65
- Short $148 strike Put - delta 0.70 - credit = $2.04
- Net cost/ spread = $1.61
- Running 5x spreads (5x of both strikes)
Net cost = $805
Profit target/ break even/ exit:
- Max profit of the spread at expiry = cost of the spread minus the width...
