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miket246

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    Buying a PUT on SP500

    in New Client Trading Questions

    Posted

    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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