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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives
SPY 691.72-0.1%Jan 16 4:00 PM EST
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To: Blasher who wrote (123230)4/18/2019 1:28:05 PM
From: Blasher1 Recommendation

Recommended By
yard_man

  Read Replies (3) of 221961
 
Lesson of the Day . . for those not option Gurus:
I thought I would explain what I did with my WBA options purchase.
FOXA I just bought the Call option and profit continuously as it rises.
With WBA, I do not think it will rise for too long or too high . . maybe not filling the gap.
SO .. I am just looking for a quick 30% and then get out .. whereas with FOXA, I see the potential for more, so I am still Holding it at my 40% profit so far.
Here's the way I structured the WBA purchase . . I bought a Bull Call Spread.
I bought the 52.5 Call and sold the 55.0 Call options . . for $165.
I have limited my profit to the difference between the spread strike-prices = $250.
So, without commissions, I can only make $85 . . which is a 51% profit .. much more than 30% after commissions.
For a small account, you have to be happy to do things like this.
Starting with hundred$ and making ten$ at a time will eventually lead to thousand$ making hundred$ at a time . . .
and you all know what THAT leads to!
Good Luck to All !!!!
Have a great! Friday tomorrow.

For those of you who don't know Him, go to church with a friend tomorrow and see why tomorrow was so Good . . then go again Sunday and see why the Resurrection changed the world.
I share this because Jesus radically changed my life!
I want the same for you all.
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