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$rdbx Swinging options, holding shares, making THOUSANDS today! re-upload (Sound fixed?)
Share price down... Sell put (bullish)... (SELL LOW)
Share price up... Close put (buy to close) (BUY HIGH)
Sell at the money, or do a spread.
If SP is 16, sell 16, or, 15,16,17
If you want HIGH protection with LOW reward (low risk/low reward) Sell $4-6 below share price.
Example; Sell 12, 11, or 10.
DO NOT BUY PUTS. Only close your own puts sold.
Do this Monday through Thursday.
HOLD SHARES Not financial advice.
Power hour update; 1 hour of trading left to go, if you used this strategy, here is how you would be sitting;
$rdbx Current break evens on SOLD-puts (do not BUY, sell (open))(promise to buy friday)
10 // 9.10 a share // max profit, $90/contract // $900 x 10
12 // 10.35 a share // max profit, $165/contract // $1650 x 10
13 // 10.90 // mp $210/contract
14 // 11.35 // mp $265/contract
15 // 11.70 // mp $330/ contract
16 // 12.20 // mp $380/contract // $3800 x 10
NO STRESS.... (update, until they take away the f*cking options)
#rdbx #amc $amc #gme $gme
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