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From: Wildswings (Rep: 3) reply to Bender24Date: 04/29/2018 21:29
Forum: Amazon - Msg #5131Thread #674005947 (Rec: 0)
Great trades, and thanks for the feedback bro!

I'm a big fan of credit spreads too, but when I'm wildly bullish (as I was with SLCA and GE) I'll go long debit spreads, buying longer-dated and in-the-money to get that high delta/low theta. I never go naked, it makes no sense to me, but more power to you if someone is successful with that.



Reply to Bender24 - Msg #5130 - 04/27/2018 20:38

Re: If you're buying calls do debit spreads to lower the price. Or sell put credi...

I just closed a some put credit spreads on AMZN today. My trade gained 80% of its full value in only three trading days. They were June options, so still about 50 days left until expiration. No brainer to take the profits and look elsewhere. Did the same thing to MSFT today, about 60% profit in two days on put credit spreads. Unreal. It helps when you have a bit of a delta component, instead of trading delta neutral, which I sometimes do by trading iron condors.
What would you like to do? Message: Endorse | Bookmark | Report AbuseUser Wildswings: Reward | Watch | IgnoreAMZN: Ignore

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