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thailand nelson gold separator sell at a loss

Oct 13, 2020 UPRO is at $65 so we'll take 100 of the 2022 $70 puts for $20 ($200,000) and sell 100 of the 2022 $50 puts for $12 ($120,000) and we'll also sell 50 of the Jan $50 puts for $3.75 ($18,750) so our net cost on this $200,000 spread that's $50,000 in the money is $61,250 and we intend to make more short call sales to pay for the rest.

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