Short term
Trade view / 13 July 2016 at 15:00 GMT

UPDATE 2: Closing out consumer discretionary trade

Product Manager Futures and Options / Saxo Bank
Price target:
Market price:
For this trade initiated on June 13, we are going to close the $2-wide put spread at our maximum loss of $0.75. 

Equities, including economic cycle-sensitive discretionary goods, have rallied strongly in recent weeks on upbeat economic news from the US. 

— Edited by Michael McKenna

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13 July
Feders Feders
Hello Georgio!. At this time there is no price for the short 77 leg. What must we do in this cases? Should be exercise the long leg to cover the short leg in case we are assigned?
13 July
Feders Feders
Sorry , I was wrong about the phrase "should be exercise...." Forget it. The other part of the question remains: At this time there is no price for the short 77 leg. What must we do in this cases?
13 July
Georgio Stoev Georgio Stoev
With shares trading at $81, you could let these two legs expire worthless.


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