TLS ( asx) - Bull Put spread : defensive neutral play options
THis is similar idea to WES ( see link) accept even more defensive sector ( telecommunications) ....
managed to get a Bull credit spread as follow:
sold 120 shares strike 3.15 June expiry ( european) for- 0.06
buy 3.05 +0.02
spread -0.04 for porfit credit of $480
9 trading days left - time decay so only has to stay at same or better price by then....
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