Sell
2x SPY Nov 151 puts
This
backratio is for a net credit, is net bullish, theta positive, delta
positive. It is a bullish trade, with an explosive profit potential
on a decline to the lower strike. A decline below SPY 148 and losses
get large. I've been doing similar SPY backratios for many months now, and
so far I have collected the smallish premiums each time.
Long
AMGN APC BA BRKB GDX IWM KORS LGF NKE XRT
Net
long GLD SPY
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