The answer to your question becomes rather involve. So I did a video covering everything I conceder in this type of trade.
It's been a while since I did a video and I have a new computer which doesn't seem to work 100% with my software. The intro part of the video has been cut off. But nothing important was lost.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.