Further news of Imports which may hit the bottom line.
Already the picture is bleak as the average Asian gasoline profit margin this year as of Sept was $4.12 a barrel, down nearly 45% of its value when compared to the same period in 2018.
Trade Execution :
The 230 PE for Sep 26 expiry is trading at 1.60 odd & Cash Price is at 260.
The potential 5 Times is there if the cash price reaches around 230.
Potential Trade of the Month for me.
Risk no more than what you can afford to loose.
Disclaimer - This is not an advise for you to trade but a journal for my use/record of the trades that i am taking.
Closed because of the Time decay will be drastic going into the close although the direction is as predicted