Options Trades on BP, ADBE, V, WMT and MMM
In this video Kevin walks through several trades from last week and goes into detail on what to do with a spread that you can't close. That is a spread where the long leg of the spread has no bid, no buyers.
In this video Kevin walks through several trades from last week and goes into detail on what to do with a spread that you can't close. That is a spread where the long leg of the spread has no bid, no buyers.
If that's the case, you can't close the spread directly so if you want to still take the risk off the table, what do you do? He also reviews how to properly log this trade into the Tiblio trade log.
Kevin also shows his favorite position, the covered strangle and briefly describes how he entered that position. That is not to open the entire position at one time, rather leg into the position over time in order to move odds in your favor.
If you would like your account invested in this same manner, then take a look at Tiblio AI. It will invest up to $10,000 for free.