Two-round lottery (2)
Hi my racers! Are you guys getting ready? We are. And I’m putting another bet in the two-round lottery. The first round is to sell a put option on the TLT ETF on April 30 at a strike price of 90. If the ETF is above that on that date, the option premium goes into the next round, and one lucky finisher will take home $134. At this point, the market says the probability of a profit is 70%, so we’ll see. Let the time work and you better start hunting for paddled kays!