1.5 x SX5E Dec 3475 put-SX5E Dec19 3625 Straddle+3 x SX5E Dec 3725 call with 53 days to expiry 40% delta, closed -29.2 on Friday
This trade might be worth checking if you’re very Bullish here on SX5E but also need some downside protection. Last nights close was below its 3 year average (-9.9) and its historic payout average (+10.9)
Interestingly, if you check the Backtest of this structure over time, you will see that its recent Payout average has been -10 vs last night close of -29, it’s longer term payout is +10.
