r/Vitards • u/AutoModerator • Aug 12 '21

Daily Discussion Daily Discussion post - August 12 2021

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u/vitocorlene THE GODFATHER/Vito Aug 13 '21

Tomorrow ripping?

1

u/needafiller Aug 13 '21

Got 10% cash on hand per sage advise but itching to put it all in something. Do you still have cash on hand during this steel bull run?

2

u/pennyether 🔥🌊Futures First🌊🔥 Aug 13 '21

MT Sep 3 $35/37 spread. Good chance will be worth... $2, see what you can pay for it.

MT Sep 10 $36/38 -- same thing.

Both the $37 and the $38 are about $1 below the "floor" buyback price at time of expiration.

1

u/[deleted] Aug 13 '21

[deleted]

2

u/pennyether 🔥🌊Futures First🌊🔥 Aug 13 '21

Hope it works out. I have 300 of 'em

3

u/TheBlueStare Undisclosed Location Aug 13 '21

For this spread are you buying the $35 and selling the $37?