Writing Put Options to cover CFDs

Darquan

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Hi, I'm working on my first strategy for my paper trading and for this doing some options analysis.

I will sell CFD's in an index and if it moves against, write some put options.

In the attached i've taken CFD's and option prices from October and November and tried to work out what the maximum cover of the options is. Theres the top end cover and cover at the option breakeven point.

Any thoughts?
 

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  • workings.xlsx
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