Details:
K200 at 262.26 (~17 points downside)
Sell K200 October 245 Put at 0.78 (Delta: 0.1061)
Buy K200 October 242.5 Put at 0.59 (Delta: 0.0854)
Max risk: 2.31 (KRW 1,155,000)
Margin: KRW 1,000,000
ROM: 9.5%
Days to expiration (DTE): 72
Below is the chart as at close of 3-Sep:
This the P&L Chart as at close of 3-Sep:
Related Posts:
Sep-4: November 2014 K200 Iron Condor
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