| Date | Account | Action | Shares | Price | Cost | Earnings | P&L |
|---|---|---|---|---|---|---|---|
| 07/30/2020 | Binck | – Call | 5 | 9.00 |
Notes:
Markets continued to go down with the AEX at -3,2%.
While there is a high probability it will go back up tomorrow, it can also continue to go down.
I decided to do a call spread. My loss limit is at -€466 from strike 555, which I doubt we’ll get to.
Worst case if it goes indeed up tomorrow, I’ll close early this call spread and will probably earn above €700.
If we range I can earn up to €2K, and if it goes down I’ll loose less.
Yield for this spread is 34.39% which is really high.
I have the impression that while puts are supposed to yield more money, it looks like earning/margin is actually more interesting on the call side.
I should dig deeper.