Open Straddle OCT 18 2020
Open Straddle at following
OCT 18 2020 $12.50 Call @ $1.20
OCT 18 2020 $10 PUT @ $.90
Actually, believe that this has only one direction to go (down) as folks are trying to get in on what they perceive as value play.
Currently is divergent as well but due relative historic lack of volatility I think getting the options at a discount. Could be in position to profit both ways given the time horizon. But in long term I don't see much upside
OCT 18 2020 $12.50 Call @ $1.20
OCT 18 2020 $10 PUT @ $.90
Actually, believe that this has only one direction to go (down) as folks are trying to get in on what they perceive as value play.
Currently is divergent as well but due relative historic lack of volatility I think getting the options at a discount. Could be in position to profit both ways given the time horizon. But in long term I don't see much upside
Note
Sorry I didn’t explain more yesterday but was licking my wounds do and trying to figure out what but job is buying FLReason this is such a solid play is that is essentially straddling the Argentine elections. Although Put expires before voting this will be a race towards government intervention. This will cause hyperinflation and the banks and credit card holding companies will get squeezed. If Macri stays with free market principles and looks like he could steal election, well a chance to bounce back. But, as is more likely, he proposes more capital controls to stay “in touch” with Peronist IMF and private lenders will flee. Either way GG moves
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.