Hi Traders!
Today we will look at the XRP / USD analysis and take a closer look at the Ripple case.
XRP has flooded newsfeeds in recent days with reports of a lawsuit filed by the SEC (US Securities and Exchange Commission). The SEC filed a lawsuit against Ripple , which created cryptocurrency XRP. T he lawsuit alleges that Ripple was involved in the sale of...
Here is an example of a 'paper trade' that went wrong - and trying to roll the strike down; to recover loss
and lose only brokerage.
initial entry - June 22 Bull put spread with Sold 12.19 July 15 / buy 11.76 - for net credit $700 at around underlying of 13.00
Roll down position of options to avoid being exercised at expiry ( as European sold leg)
second entry...
