Hello Members,
Please be sure to review the entire video before entering any trades to your account. For those who have had this spread on from the beginning of the year, we are closing out the position and readjusting the strike prices in order to help our newest members join in on this spread. Basically what we are doing is reseting the cost basis and rolling the short side out to September. The $50 wide stance will also help us preserve that nice big negative delta. As I always say….trade in moderation and be sure to focus on your trade blotter. This will help you keep track of the rolling cost basis as we adjust the position each and every month.
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Happy Trading.
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