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Tuesday, November 27, 2018

Options trade: TLT ratio put spread (semi-neutral trade)

Oct 23, 2018

buy +1 Nov 30, 2018  $114 put option
sell -2 Nov 30, 2018  $113.50 put options

net credit:  $1.05 x 1 x 100 =  $105
maximum potential profit:  $155


Nov 27, 2018

close the trade

PROFIT:  $106

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