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EXACTLY. I see your point as to why. But the main reason I want to trade spreads starting off is for insurance against bad trades. Thanks
Thanks, wish me luck!
In FB $32 calls for .05, will post exit when I exit
So Lee most of the stuff I'm reading advises against legging into a spread, why is that? In my mind I would like to be long, then if the trade isn't looking good I can leg into a short position.
He sold the puts so he's counting on a pop too, so he can cover cheap, that's why I was agreeing because like you I think it opens with some
Greenage.
Agreed
I think AAPL pops in the morning and you'll be able to get out for a nice profit.
Lee have you found any platforms that are easier or just plain better for trading spreads?
I have a question for you or Lee or whoever. When in a margin account, if you hold a long position and cover the short side multiple times a day, don't you have to have a minimum balance to not get in trouble for day trading?
Thanks
I was thinking that this morning, I paper traded some short positions against some longs I hold and bought and I love the concept.
Thanks Lee I really appreciate it. My biggest fear/concern is margin lol. I just started trading at all last August and started options last October and been cash account thus far.
I'm with GUS, I'm pretty thrilled with this also and am excited to keep learning it and paper trading them for a while.
Great trade man, thanks for laying it out too.
Thanks a lot Lee great stuff. In going to keep studying and hopefully trade these before too long.
Last question, in this trade could you close the short position and hold the long? You can right?
Whats the down side risk to that trade? Stick going to 112ish and having to cover your short position but Not going up enough to profit in your long position?
Thanks again
Thats awesome.
What level clearance do you need for this and do you have to have a margin account I assume?
In a few with you here I think it bounces.
Thanks
Thanks Lee!!!! I appreciate it a ton. Always eager to learn.
What Ed board?
Lee would you suggest any literature on this subject if I enacted to study it?
Thanks
Yes sir! I love the videos. I followed you in chat to on GS, looks ready to me.
Good stuff man thanks for the video!
Thanks for this call bro! Not sure if you seen what I posted in chat but I've been trading since last September and today was my best day yet, thanks to this call and AAPL $615s. Awesome day!
SHLD $65s?
I'm riding with you thanks to your call this morning.
Thanks a lot!
Thanks Gray, let me ask you, when you are viewing your charts what do you look at the most?
Thanks
Thanks Mikey! Good stuff!
Awesome buddy! Thanks!!!
NFLX rolling again
If so those $75s are a steal right now :)
Me too!
Breaking down here....
Let's go LNkD
I agree and hope we are right!
Lol
Agree I just got some also, thanks for the alert
Which ones u playing?
Hope she keeps going....
AAPL gonna go here?