| Date | Account | Action | Shares | Price | Cost | Earnings | P&L |
|---|---|---|---|---|---|---|---|
| 07/28/2020 | Binck | – Put | 10 | 18.00 |
Notes:
I wanted to do a guts spread for TUP a day before their quarterly results and found something better.
I made a short straddle on a higher strike of 12.50 for Januari 2021 and added a long call as protection.
By doing this combination I win between strikes 6.50 and 19 and can earn up to 100% of the margin invested at strike 12.50.
My max loss for the call is €1.4K knowing I have shares on which I’ll earn a lot.
If it goes down, max loss if it goes bankrupt is 5.9K.
If it goes below 6,5 and can use the -puts to buy more shares. It seems to be a very good combo for a decent margin.
Sold here 10 PUTS for 510$ each.