Education

4 thoughts on “Education

  1. Looks to me like you sold a weekly put with 3 days to go, and bought a strangle about a month out. Debit of $4.29 per contract or -$1287 right now. If the Nov22 put expires, your debit is then -$924. If the trend remains steady or bullish, next week you will sell another put to further reduce your cost. By 12/20/19 your debit balance should be be close to zero and if the Q’s are below 197.5 or above 202 then, it’s pure profit. That doesn’t cover all the what-ifs but am I following this trade correctly so far?

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s