Here's how we got paid

Today is going to be something very very different

The market closed red today, very red
Dow Jones -3.98%
S+P 500 -4.84%
NASDAQ -5.97%

We however made money today
That is not to be brash or braggadocios, but it’s fact
No stories today, just plain simple facts

And I am open to any questions that anyone may have
2 weeks ago I said we were changing strategies, that we were moving to non directional based strategies due to the volatility… And we did, that is not new to any of you

I will share again, we do not care if the market pops or drops, movement is all we want
Today we got that movement, and with it we got paid

COST
Those of you that took those cost trades over the past week have to be deep in the money right now, congrats to you for doing so

Say it with me traders, “In Options, pricing is everything”
The prices on our Options going into this selloff were ripe for major gains with our new strategy. We took advantage of that and capitalized accordingly

Want to learn more?? Here it is…………….
SPY
On Monday afternoon I mentioned that I had added it in during the day but had not highlighted it that morning… If I highlighted every trade I took your head might spin.. lol…

THIS IS USEFUL TO LEARN::::
Lets say our stock XYZ is trading at $100.00
We then place our Strangle like this
We buy the 105 Calls
We buy the 95 Puts
In Options we can only lose what we pay for something
So if we pay $1,000.00 for our Calls, the most we can lose is $1,000.00
Now lets say we break out or break down
And price continues to go
Again the most we can lose on the losing side is $1,000.00 or 100%
Now lets say we also paid $1,000.00 for our Puts
There is no cap on how much we can gain if the stock goes south like they did today
That goes either way, either direction does not matter
ALL WE WANT IS MOVEMENT….

SPY, back to SPY 
On the losing side, which was the Call side, we were down 46%
On the winning side, the Put side this is what we were up at the time I could snap the pic

That’s a 309% gain, by the time I finished and closed it all out I received a gain of over 340%

My take home pay for todays work as a short term investor was $6,425.00
I still have $4,097.83 on the books from today that’s green, protected and riding them out

I only use a couple / few thousand each day to produce those results
Not 50, 60 or 100K

My goal is to clear $25,000.00 this week and I’m working diligently to do so
Again, as Options traders we don’t care which direction the market moves, only that it moves

There was a lot of money lost today, but there was also money made
We here at theoptionscoach.net are fans of setting STOPS and HONORING them
As I said this morning, for us options investors, this could just be the beginning
Be back in the morning with some fresh plays

The Options Coach