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