They "Bring Good Things to Life"

Once upon a time
Way back when
A very long time ago:::::::

When I very first started trading Options I followed a newsletter like this
What they did however was discuss trades that were extremely high flying, and not beginner 101 manageable
They also would change the commonly known names of the strategies to make it hard for one to research so you had to follow them only if you wanted the trade
Unfortunately that is more common than one would expect
And it’s something that we here at theoptionscoach.net have never done, and never will

Instead of calling a trade a Bull Call Spread
A Bear Put Spread
Or a Blind Call
They might of called it a Purple Flinker Wagon
What the heck is that? I thought so too

Well one day I was in a “Purple Flinker Wagon” and I couldn’t keep my eyes in tune with my brain as the price flashed red / green… up / down….. back and / forth non stop
It was actually a 4 legged trade we Options traders call an Iron Condor
Those should NOT be volatile, next to almost none
They take a greater understanding of price movement, but they limit losses extremely

What happened was I placed the trade on backwards, 110% my fault
I hit the “Sell “ button saying let the chips fall where they may and let me get out
To my amazement, pure luck and the “Grace of God”
The trade closed with a $1,530.00 profit
All within 90 seconds of placing it
I would not bet ten cents that I could ever do that again, even at my level of Options knowledge now

What I work hard to deliver to you daily is real time, actionable, no headache, no fluff no b.s. trade set ups that are paired with strong Options metrics

There is nothing “Sexy” about GE
It’s not TSLA or NVDA
But what it is is it’s green

At the start of the year I said “This is a stock pickers market”
This morning I shared the possible trades for GE today
I took the 210 Call for MAR
I also took the 230 Calls for MAR after they came across my desk after the open

The 230’s were cheap, experienced Options traders might be saying “you can’t make that much money on those” They're right, if you only buy 5, or worse yet “Only 1”
But we bought a lot, as in triple digits…
That is one “Hack” when you buy deeper OTM
It’s no different with stock

GE only closed up 3.21% today
Here’s how our Options did

AAPL just missed on iPhone sales in China
The stock is wobbling here going slightly red

The “Wait, watch and see” approach has it’s time and place
Every single day I have offered fresh examples of why now is not the time for that

At the start of this week I told myself that I was going to take 10K
And then turn it into 40K, for the week
With the gains we’ve had here lately, we are on our way to “Bringing Good Things to Life”


The Options Coach