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03/30/2020Binck– Put1018.00


ING lost today 10% because they said they’re going to cancel upcoming dividend. That’s no real surprise.
That said, ING is considered as one of the best banks in Europe, so I don’t expect much risk here.
Moreover, they will have a new CEO soon, so prices will go up.
I decided to go again for a put spread instead of a call, because that due to the protection put margin is half for almost the same win.
I didn’t do a combo because it didn’t go through, so I first sold my put and then purchased my protection.

Closed on 01-09-21 and kept long puts alive for a drop.