China Rising, April Bull Put Spread on FXI
By: Matthew Whiz Buckley
In today’s Market Situation Report (SITREP) Top Gun Option’s Primary Model Portfolio and Weekly Options Model Portfolio Manager, Matthew ‘Whiz’ Buckley debriefs weak jobs numbers released this morning along with producer pricing data.
He also covers why China’s markets have slid over the past week and why that slide is over. He’s getting bullish on the Red Giant via an April bull put spread on the FXI. Mr. Buckley also added this trade to the Primary Trade Alert Model Portfolio where he will manage the trade for max profit or exit for min loss.
Get the details in the video below.
Here’s the trade –
New PTA FXI (38.77) bull put spread Apr20 expiry
buy 50 Apr20 35.5 puts
sell 50 Apr20 37 puts
.35 credit, filled on this trade @ .34. Adjust/eject at .68.
To see this trade managed to expiry for full profit or exited for min loss get airborne on a trial into our skill based trade alert services by following this link –
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