Email – #517
Our China PUT options (FXI JAN12 30P) are up 50%.
Here’s what you need to do:
EITHER take profits on the position now or enter into a bull spread by SELLING to OPEN the FXI JAN 2012 $25 puts.
These options FXI JAN12 25P are currently trading at $3.20 by $3.40 which means you can take most or ALL of your money and risk off the table from this trade. It also sets you up for a quadruple-digit gain if China crashes in the next 16 months.
Karim