Recent content by Tunneller

Exactly. She'll double her money. A binary put would be perfect, but in the absence of such I was musing on, say, sufficiently many Sep 5300's that she covered her money by the time the FTSE hit 5100. Those puts may not be cheap though. With my US account I can sell naked options too, so I...

Hi, sorry if this is a newbie post. My mom (lives in UK) has some sort of bond that is going to pay out if the FTSE is above 5100 in Sept. She's nervous. I'm recommending her to buy a put to cover any loss. Should be "cheap" because the FTSE's around 5700. Here's where the problem starts. Her...