S&P 500 E-mini Futures
Long

Opening: /ES August 5th 2700 Short Put

97
... for a 3.05 credit.

Comments: A basic bet that /ES doesn't lose more than 25% of its value over the next 36 days put on in weakness/higher implied volatility. Still have July 29th and August 19th rungs on. 1.525 ($152.50) max on buying power effect of 19.79; 7.7% ROC at max as a function of buying power effect; 3.9% at 50% max.

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