First, Im going to purchase an at the money call.
Second, Im going to dump that failed put. That put is already covered because of my double down call that made 110+% yesterday. That is, the 100 loss was covered with the 100 gain, then there was another 100% gain from the same call because it was a double sized purchase from what I usually go in with- thus I call it a double down.
Ok, lets get to it. Today I get in with this call at the money:
Now what I need to do is exit that put from the other week:
Again, this loss is covered from the double down we did Tues-Thurs. As in over 100% gain for the double down, one part of it covers the above, the other part is over 100% ahead. Kind of like losing 5 bucks at the casino roulette table then doubling down with a 10 dollar bet and winning it. The 5 dollar bet loss is completely covered, and in addition, you are now up an additional 100%, or another 5 bucks.
So that is that, and check back 15 minutes before close to see what I will do, most likely exit this day call.
Tradinginsider
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