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Conservative option strategies, what did you buy or sell today?
So quiet in here that I thought I'd post today's trade. I put this on every 30ish days ( I like to use a down day). Ties up between $500-1,000 margin. Generates $50 income with the potential for the rare big hitter if it expires within the "bear trap"

/MES

Bought 3810P, Sold 3760P (50 point wide) Sold 3690P
Net credit $10.25 x /MES multiplier of 5 = 51.25

90% probability of expiring OTM but actually plays out much better.

EZ to manage as well.

Stole the trade idea, it's the 1-1-1

Good luck and happy holidays to all here.
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Messages In This Thread
T puts ? - by john - 03-17-2020, 09:33 AM
RE: T puts ? - by fenders53 - 03-17-2020, 10:32 AM
RE: WEN options update - by john - 03-23-2020, 09:53 AM
RE: WEN options update - by fenders53 - 03-23-2020, 10:40 AM
RE: Conservative option strategies, what did you buy or sell today? - by NilesMike - 11-28-2022, 08:42 PM



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