Do you remember the most successful slogan in the history of TV advertising? It came from the famous Ronco brand. Here is Ron Popeil, the founder, with his famous commercial ….
Options traders can use this slogan to maximize their profits. We set up trades and then allow the market to fill our orders, both to SELL and then to BUY. We first SET the trade to OPEN, then after the order has been filled , we "set and forget" order #2 to CLOSE. Example
Order #1 ….. SELL 10 PCLN 1050 Puts @ 4.80 for $4,800 credit
Order #2 BUY 10 PCLN 1050 puts @ 1.00 for $1,000 debit
NET PROFIT 3.80 or $3,800
We wait until it is filled.
Copyright © 2014 - 2016 Honolulu Options Traders, LLC.
All rights reserved worldwide.