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miket246

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Everything posted by miket246

  1. Thanks Gezmond. Have I got the position (equivalent) sizes right? Also, do you know of anywhere on IG that covers this in detail? Thanks Mike
  2. Can anyone confirm my understanding of the above trade, please? The S&P500 is quoted at USD 3095.13. I purchase a September 2020 PUT with a strike at 3000 for USD 132.65 with a "size" of USD 0.01. If the "size" were 1 USD, my position size would be USD 3095.13 x USD 50 = 154,756.50. At my chosen size, my position size is USD 1,547.57. Whatever happens, I cannot lose more that my initial premium of USD 132.65 Is this all correct? Thanks
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