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Hey traders, what’s good?
If you’re new here welcome
The markets today
$DJI ( ▼ 0.44% )  
$SPY ( ▼ 0.25% )  
$QQQ ( ▼ 0.32% )  
$IWM ( ▲ 0.65% )  

You guys know that I’ve been trying to improve my “dead hang” time
That my goal is to hang for 61 seconds for my 61st happy bday
Well I’m about to shatter that, When I first started a month ago I could only hang 2 or 3 seconds. But by staying with it consistently, I’m now making plans for my first real pull up in a very long time. Could maybe do now but I’m focused on “hang time” ( I’m telling you guys your back will snap, crackle and pop after )
The other day at the gym I got my butt handed to me by a “Elmer” Dude was 74, SEVENTY FOUR YEARS OLD and hung for over 3 minutes!! What the heck man!!!! lol….
He told me the same thing we hear from many people in many different areas of life, consistency matters most

$NVDA ( ▼ 1.02% ) lets talk about that Reverse Strangle Credit trade again
After today I sooooo wish I did these more often, and just might start
Consistency, NVDA has consistency been inside of its long term channel for a very long time now. This chart is from 2 days ago. Today NVDA closed down -1%
That’s all we needed with that trade to get paid

Here’s what happened
We sold the 175 Put
We sold the 187.5 Call
In my case I had to sell the 185 Call as I never got filled on the 187.5
When price dropped today the 187.5’s went deep ITM
They outweighed the small loss we cumulated on the 175 Puts
Price never went south of 175 so we never went deep OTM there
In essence we found “the sweet spot”
Where price sits now at $178sh matters
For every Call that I sold I am now up $103.00
For every Put that I sold I am only down $35.00
Now if you have the standard 5 contracts ( for most 5 would be the bare bones minimum on this trade ) you would be up:
+ $515.00 for your Call side
Only down $175.00 on the Put side
At one point it was more than that, but we don’t want to count on could of, should of wish I would of

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Benefits of this trade::::
1st: The overall market is in a downtrend, we DID NOT have to pick a direction
2nd: It was very low cost / high reward
3rd: It made sense, we’ve been talking about this set up and doing these for a while, it wasn’t a knee jerk reaction but a calculated move with timing
4th: It’s a set and forget, very little baby sitting. all we want is price to stay inside of our 2 strikes

We don’t do a ton of Credit plays here at theoptionscoach.net 
But this one was too good to pass up

There’s a young lady that I know in real life that reads this
She’s 26 I think?
She’s a trader and a go getter on multiple levels in life
Check out the video, and “Suzy” if you’re reading this, I’m coming for your record young lady, I’m coming for your record!!!!!!!!!!!!!!!!! 😁 

The weather is incredible out here, going to go get outside
The Options Coach