Trade Findings and Adjustments 09-17-2020

Today I want to go over protection, why it’s important and just how much money you can make to the downside. 

What could you tell me about today’s market? Volatile, Whipsawed, uncertain of the “historical” direction that the market typically moves this time of year,

APPL ran through a 4 to one split = $125

What do you notice about your protection 127.50 + 123.75 = 251.25/2 = Average protection = $125.625

Look at what protective puts are protecting

Exit the Jan 22 $22.50 Leap Long calls for a limit debit order of $0.94 which should have a cost basis around $0.67

And you could add UAA Shares with a $12 Nov Long Put for a new trade