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04/20/2020Binck– Put11.80


So European markets are in the green but rather ranging. I waited for the US market to open as oil was 10% down and while it started in red it’s also kind of ranging. I therefore decided to do a condor for this Friday in addition to the existing call spread.
The total combination gives me a win between strike 471 and 530; which I’m absolutely comfortable with. Potential earning is €479 and total margin around €3,6K.
Based on how things move I will probable add another spread or condor tomorrow or Wednesday.