Sold 10 Aug60 puts @ 4.90 = $4,900
Sold 10 Aug80 calls @ 1.40 = $ 1,400
Total proceeds $6,300
Investment was $5,500, so that makes an $800 profit simply by playing both sides of the trade. $800 is nothing to get excited about, I just wanted to show a simply way to minimize risk and still turn a profit in a volatile market.
Note: another profitable video, for those that missed it click here.
Comments »[[RIG]] 147.50
[[AAPL]] @ 174 [[GOOG]] @ 519 [[FSLR]] @ 285 [[SQM]] @ 43.50 Comments »No price patterns, no trade ideas, no indication of where the market is heading, nothing. Why do you think I made a bullshit video on a strangle? Because short term, meaning this week, there is no way to predict which way the market will head.
Normally when this happens I end up forcing trades, churning my account. However this time, I choose to take a higher road, the backseat.
We have a lot of economic data and earnings upon us, so be prepared for anything.
I will continue to trade what I see, and right now I don’t see a damn thing.
Comments »
