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04/18/2018Binck– Put59.00


I thought I did a nice combo put spread for Dec, but apparently it’s not the case. I only did the 450 RCS.
So now as the market goes up I decided to do a RCS at strike 490, simply because I have 9 like these for May W3. Buy closing 5 of them I keep the protection for Dec and I reduce my risk and margin.

Note 27-12: Big loss due to -12% in less than two weeks time. Worst Nov/Dec since 2008!