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08/29/2017Binck+ Put47.20


Low strike protection puts for September W2. While the margin is ridiculous I did it to block the possible loss. I will have to buy additional protection at much higher strikes. Max loss is €25,630 at strike 470. Winning starts at strike 503 which is not too bad, but still risky with NK. Potential is €1,670 starting at strike 505.