145K in PUTs Ill be over 500k by October or before, even if I pull out fast, then blast all of it in HYG Calls around the time Powell drops Interest rates to 0 We'll make a thread, screen shots of our accounts, you and mickey the clown talk big, when it's time to see who was right in going bullish or bearish, we will see who understands what better
What expiration and strike? More importantly, why HYG and not one of the IG credit ETFs? With HYG puts, you are implicitly paying carry (which includes the credit spread) and then the vol that's pretty expensive.
June 85k and Oct 60k Don't worry about the rest, you'll see in time... Weren't you the " pro " who couldn't disclose his account when I challenged you before ? Why are you so interested in my trades now ?
Morbid curiosity if you are fully in the position, you should be happy to disclose even to someone like myself - other people piling on is good for you.
I hope its perfectly apparent here that someone is talking out of his arse. Enough said. Am outa here.
https://www.mingtiandi.com/real-estate/finance-real-estate/loan-default-for-developer-yida-china/ https://www.mingtiandi.com/real-est...ebt-just-one-year-after-449m-blackstone-deal/
I don't care how much you paid in total premium, that's between you and God I was merely interested in strikes and maturities as an indication of what your expected timing is and how bad you expect it to be. Never mind, of course, sorry I even asked. As an aside, apparently you do have a strong conviction for this trade. If I recall correctly, this premium represents a meaningful fraction of your account.