In the debit spread or bull call spread scenario, what we're talking about is basically making a small bet that's going to have a big payoff. This strategy involves the selling of one closer at the money call. What you're looking for is that extraordinary right tail move where a crud oil in this calendar year is going to be exploding north of a hundred and 25 dollars with some upside momentum. But from a cost perspective, this options trade is done at a zero cost.
MacroVoices Erik Townsend and Patrick Ceresna welcome Nomura quant, Charlie McElligott to the show. Charlie shares whether there’s another shoe to drop for this equity market, and if so, when it’s coming. They also discuss rates and the gamma effects playing out this week. https://bit.ly/3Afi9C9
Download Charlie's slides: https://bit.ly/3BZze4t
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