chiller
Member
Please note that the time value of those 400 puts is 0 or very close.- roll up and out, reduce exposure: yes, sounds strange, but I have 65x -p270, that's an exposure of $1.75million, premium value $580k, these could be rolled to 26x Jan 2025 -p400 @$220, same premium near enough, but total exposure of just over $1million, so less cash/margin requirement