Ok Dan, The 360/350 bull put spread looks like a pretty ‘safe’ trade, but that’s what I thought on my last trade when I had the 370/360 and, on the iphone news, AAPL took a quick whoosh down to the 200DMA and I had to close my trade.
I wanted to buy back the short put, as you taught us, but I found out late that I couldn’t do that without selling my long put because I didn’t have enough in my account. As I was trying to figure out what was going on, I got my lunch money taken.
I don’t want to be one of the retail targets that the market maker makes a living on. Fear usually comes from a lack of knowledge, and right now I have fear. I want to take the trade, but I’m unsure how to protect it…
You always say “ask questions in the forum”, which I’ve done, to get more info on how to manage the bull put spread. Other members generously gave me their advice. But, maybe I’m not that bright, as I’ve found it tough to really learn the complex concepts from going back and forth in the forum.
Ok Dan, The 360/350 bull put spread looks like a pretty ‘safe’ trade, but that’s what I thought on my last trade when I had the 370/360 and, on the iphone news, AAPL took a quick whoosh down to the 200DMA and I had to close my trade.
I wanted to buy back the short put, as you taught us, but I found out late that I couldn’t do that without selling my long put because I didn’t have enough in my account. As I was trying to figure out what was going on, I got my lunch money taken.
I don’t want to be one of the retail targets that the market maker makes a living on. Fear usually comes from a lack of knowledge, and right now I have fear. I want to take the trade, but I’m unsure how to protect it…
You always say “ask questions in the forum”, which I’ve done, to get more info on how to manage the bull put spread. Other members generously gave me their advice. But, maybe I’m not that bright, as I’ve found it tough to really learn the complex concepts from going back and forth in the forum.