FREE Investing Report: http://www.CashForLifeInvesting.com
Disclaimer: The trade mentioned in this video is for educational purposes only, this is not a recommendation under any circumstances.
Ashwin Bhindi from Cash For Life shows you a trade our students closed in NOK (Nokia) for a 53% ROI.
This trading strategy is called "Ca$h Codes" and is a Credit Spread management strategy.
If you've been trading credit spreads and want to take it to the next level, want to reduce the number of losses and want effective management strategies then attend a free workshop every Wednesday online at:
http://www.1GoToWebinars.com/CashCodesWebinar?leadsource=YouTube
@chiong111 with interactive brokers it costs 75 to open 75 to close...still a good deal
magn0123 8 months ago
Or leaving just the single bought leg of the spread open if the sold option strike is touched, which means your going to be able to profit from a huge decline in the stock. but that still requires paying 175$ in commission to buy back the sold leg.
chiong111 1 year ago
Trading 50 contracts with OptionsXpress will cost you 175 to get in and then another 175 to close out: Total $350........ Dont you think its worth mentioning that???? as its a huge chunk of the total profit you claim to be earning. On top of that the adjustments if necessary will cost you the same depending upon whether your rolling the position or closing and getting into new single traded trades.
chiong111 1 year ago