Friday...Why am I working today?
For those who were waiting for my post last night on the two credit spread examples, sorry, I fell asleep. I had only 10 people in that class, which is a sign that my presentations are getting boring, redundant, and uninteresting. But can't credit spreads act the same way sometimes? Just kidding...
If you are bullish...
AEOS for a Bull Put Spread
Buy the Sept 35
Sell the Sept 40
$1.60 credit
If you are bearish...
CELG for a Bear Call Spread
Buy the Sept 45
Sell the Spet 40
$1.60 credit
I'll be back in a flash...
I was able to execute the CELG Bear Call Spread for a potential credit of $735. I think this is a great blog. I am hit with so many offers of people able to give me a 80% return in 12 months on my meager investment account and others promising great wealth, it's confusing. I just want to learn how to enter fairly conservative trades on a constant basis so I can increase my wealth slowly but surely. Thanks for your blog, I will become a regular viewer and participant.
Posted by Anonymous | 9/01/2006 02:04:00 PM
Wendy, same with me. Not a day goes by when I don't have some offer from a magazine or new "automactic software" that will do everything for you. I have the same desire, to just be able to begin the process of having a consistant amount of income come in every month based on conservative trades. Once I get something constant, I will venture out into more aggresive trades.
Posted by Anonymous | 9/02/2006 10:08:00 AM