Got Questions Or Comments On This Material?
Scroll Down And Leave A Blog Post For Our Experts To Answer!
Today's trade alert is JPM (JP Morgan Chase) and we are selling premium with a Dec 36/33 Bull Put. The Short Put at strike 36 generates the premium and the Long Put at strike 33 the hedges the short put position. The credit we receive on the spread is $0.21 against the risk of $2.79 which gives us a 7.5% ROI in 37 days (73% annualized return!) Out Target Exit Point is to allow both of the options expire worthless upon December's expiration. We can make money if the stock goes up, languishes or even trends lower by up to 10%.
If the stock trends lower by more than 10% and triggers assignment at the Short Put strike at 36, our Contingency Exit Plan is to take assignment of the stock and trade it as a Collar until profitable. This trade allows a lot of alternatives to be successful and the comfort is knowing that if you end up owning the stock, you are owning it at a discount and can trade it until profitable. From a probability perspective, the trade has an 85% chance of working and we can win in multiple trends! Simply put, we just sit back and collect time premium day after day.
Related Posts
Also on Market Tamer…
Follow Us on Facebook