The Portfolio Armor Substack

The Portfolio Armor Substack

Order Text

Trade Entry Instructions — August 27th, Revised Trade

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Portfolio Armor
Aug 27, 2026
∙ Paid

Buy four 2:1 call-ratio combos consisting of these two legs:

  1. Buy 8 PRME January 21st, 2028 $5 calls,

  2. Sell 4 PRME January 21st, 2028 $12 calls,

At a maximum net debit of $2.20 per two-long/one-short unit, or $8.80 total.

Submit this as a single complex day order at one net price. At the maximum debit, the total debit and maximum risk are $880.

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