| Date | Account | Action | Shares | Price | Cost | Earnings | P&L |
|---|---|---|---|---|---|---|---|
| 07/30/2020 | Binck | – Put | 8 | 14.40 |
Notes:
Many countries provided results of their quarter or semester GDP which if course was really bad, though the US was lower than expected.
Due to bad German results, European markets dropped over 2%.
I decided to add a put spread for tomorrow July AX5.
I also realized that Jeff’s system works only if you close the put spread you have when it’s still above the strike level. Below it you lose more.
Yield for this spread is 11.63%.