Sell (10) OCT 10.0 strike Calls at 1.15 = $(1,150)
Sell (10) OCT 11.0 strike Calls at 0.70 = $(700)
Buy 10 OCT 12.0 strike Calls at 0.35 = $350
Sell (10) OCT 7.0 strike Puts at 0.30 = $(300)
Initial P&L = $0 P&L Diagram:
The market enters the week with worries about a global trade war running rampant. Goldman Sachs' lifting of its recession probability won't do much to ease investor concerns.
The escalating U.S.-China trade war has clipped risk sentiment around the world, sending emerging market stocks into a tailspin and lifting the dollar to a six-month high against a basket of its global peers.
Stock futures sink as the trade war between the U.S. and China escalates; Google will invest $550 million in Chinese internet giant JD.com; Elon Musk says 'radical improvements' in manufacturing still needed for Tesla to hit its quarterly targets.