
Greetings, I’ve spread traded much before, but have not been profitable in the long term. The thing I’ve discovered is that those who price options can skew the market to their favor, and against the retail option seller.
For instance, set up a bull put credit spread so that it has an 85% chance of success. Not much profit, but high chance of success. But when the market drops to the short strike price we’ve lost so much money as to wipe out a year or more of tiny profits.
I am considering signing up for a month with you to get your course, but could you address this issue first?
Thank you.
Went to cash back in April & have been trading SDS and FAZ since (buying calls and selling puts)with great success. Also trading bear call spreads in the SPY and bull puts in FAZ, again with great success. Plan on continuing with this stragedy until the trend changes.
I’m buying SPY puts.
Sounds like it’s time to remove one of the wings of the iron condors for awhile and just play the bear call spread. We’ll see how it plays out….
Hi Jeff,
I’m counting on this downside move starting now! Thanks for your insight and information. Very much appreciated.
How have we stayed up this long it just makes me wonder everyday. There is nothing that is being done politacally taht is going to help us but take us down more in my opinion. Who wants to hire people not knowing what healthcare is going to do. Pretty concerning what could happen here but if you keep your powder dry(having cash) there may be some buying opportunities galore out there. Now the problem will be what will the new low be and when do you get back in? I don’t have any idea how the Fed can come back in and reinflate this again so what can be done. We are going to have to find a new way to fund growth.
Bill… thanks for sharing. In one sense, it may be a bit concerning what could happen. All the more reason to be equipped with a trading strategy that will allow one to take advantage of these times, and set themselves apart financially!