We close out our position in SAP: Buy 1.5x Dec25 250 calls, Sell Dec25 210/190 put spread
- Spot c.6% above our entry price
- Spot at our mid range price target
- We lock in a 3.7x return on net premium employed.
2025/10/08
We close out our position in SAP: Buy 1.5x Dec25 250 calls, Sell Dec25 210/190 put spread