Hello everyone, just updating you on my trading action lately. For all the wild ride we are getting, I am sure you’d think I’d be crazy to be loading up on shares, but as my trading is a combination of stocks and options, I get to buy and hold shares for long term and trade the options to protect and even profit from short-term volatility. Sweet yeah!
OK so what happened was, I got in at STO price of 14.03, this stock had gone up to 14.22 then fell back to 14 before the close at the weekend. I had gone in and wrote a Covered Call for 46cents at that point, where I can sell my stock at 14.46, due in 2 months. Now, with all the volatility, really my point is to protect the shares at the downside with support around 13.77. The US market fell over the weekend, so you can imagine I felt peace of mind that I am protected to 13.54. So I get profits on stock movement in both directions. Isn’t that great?!
So for all you who are wondering if it is still possible to profit from all the market gyrations, get my book which gives the low-risk, high reward strategies for sideways, upwards and downward markets… and join me for more hippy-hippy shakes!
