After yesterday’s CME session, a significant options portfolio appeared in platinum (PL) with expiry in 75 days.
Structure: A classic Straddle, opened at the central strike
Cost: A hefty $2 million
Break-even points:
Lower: 1443
Upper: 1907
(Marked on the futures chart)
At first glance, this looks like a bet on massive volatility — profit only kicks in after price moves beyond either break-even level.
But here’s the catch:
If you’re thinking "How can anyone profit from such wide boundaries?" —
👉 You're thinking in the right direction.
The owner likely doesn’t need price to go beyond these levels.
Instead, they’re positioning for a smarter play.
Once price approaches either boundary closely, the straddle can be transformed using synthetic logic:
Near 1443 → convert into a risk-free Сall
Near 1907 → convert into a risk-free Put
These synthetics would be immediately at breakeven — no losing leg.
Just pure directional exposure, funded by the original premium.
Given the size, this is not retail.
This is someone who knows exactly what they’re doing — and will act rationally near these extremes.
📌 So what does it mean for us?
These break-even levels aren’t just technicals —
They become high-probability zones for trade entries:
Short setup near 1907
Long setup near 1443
I’d recommend watching both closely.
I certainly will planning my trades around them.
Structure: A classic Straddle, opened at the central strike
Cost: A hefty $2 million
Break-even points:
Lower: 1443
Upper: 1907
(Marked on the futures chart)
At first glance, this looks like a bet on massive volatility — profit only kicks in after price moves beyond either break-even level.
But here’s the catch:
If you’re thinking "How can anyone profit from such wide boundaries?" —
👉 You're thinking in the right direction.
The owner likely doesn’t need price to go beyond these levels.
Instead, they’re positioning for a smarter play.
Once price approaches either boundary closely, the straddle can be transformed using synthetic logic:
Near 1443 → convert into a risk-free Сall
Near 1907 → convert into a risk-free Put
These synthetics would be immediately at breakeven — no losing leg.
Just pure directional exposure, funded by the original premium.
Given the size, this is not retail.
This is someone who knows exactly what they’re doing — and will act rationally near these extremes.
📌 So what does it mean for us?
These break-even levels aren’t just technicals —
They become high-probability zones for trade entries:
Short setup near 1907
Long setup near 1443
I’d recommend watching both closely.
I certainly will planning my trades around them.
פרסומים קשורים
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.