Closing /ES Call for a Profit of $487.50 per Contract

Here is an opportunity to cover the /ES 3220 Calls. Many purported reasons in the news for the market to come in including Coronavirus, Bernie leading other democratic nominees in recent polls, more conflict in Iraq, etc. Those maybe the reasons or maybe the market was just overbought. Doesn’t matter. I’m taking the profit and will sell another more centered strangle now that the market has dropped back some and volatility has risen.

Bought /ES Feb -3220 C for a debit of 73.00.

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