Added: 1 year ago
From: freedomschool
Views: 1,561
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  • one thing you did not mention is that the stock went from 65.00 to almost 80.00 and you only made a lousy 91 dollars. While a buyer at 65.00 has made 1500.00

    Did you ever think about that?

  • No, Danny. You are not paying attention. My CREE trade is currently UP thousands of dollars. The current value of the stock plus the value current value of the puts... both of which I am long in... is way up from my purchase a few weeks ago.

    I did not collect a "lousy 91 dollars". I have GUARANTEED myself 91 dollars profit per contract even if something goes horribly wrong... but I am still long the stock which made a NEW 52 week high again today.

    I AM bulletproof but am NOT out of the trade.

  • Just checked today... the net trade is UP $6.33 per share, not .91 cents. There's a difference between what I'm GUARANTEED in the absolute, worst-case scenario... and what will eventually happen. Don't worry, I'll keep everyone up to date.

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