Trade Findings and Adjustments 08-29-2019

by Kevin Hurley August 28, 2019

written by Kevin Hurley August 28, 2019 0 comments

Trade Findings and Adjustments 08-29-2019

Quick “rebound” trade following the market

COST

Option 1

Cash Covered Short Put.

Sept. 275 Strike for $2.26 of credit

Make sure you have the cash to cover the purchase of stock

Option 2

275/265 Bull Put

275 Short Put for $2.26ish and 265 Long Put guessing about $1 for about 1.26 of net credit

The strategy is to lose credit on short options of around .30-.50 on a higher volatility week and 3 day weekend to bleed off credit.

keve@hurleyinvestment.com