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Long term financial success typically depends on maintaining a steady flow of income.
It sounds obvious, yet most traders have portfolios that are full of losses.
Inexperienced traders, especially, are hooked on the possibility of "fast money" and place high potential bets with extremely low odds.
Jason Bond created Wall Street Bookie to take advantage of low odds, "sucker bets" like this— and teaches traders how to spot these trades.
He's even going LIVE tomorrow, June 25th at 2 PM ET, to show traders how he implements this "bookie" advantage.
Traders will learn how Jason's "casino" strategy could put the odds in his favor by nearly 70%— right off the bat!
The thing is, experienced traders like Jason know that buying options can be an uphill battle.
Take the following scenario as an example...
Netflix (NFLX) was trading around $472 at 11:30 AM yesterday.
If you were bullish on Netflix (NFLX) stock and believed the stock price will be above $500 by the end of June, you could've bought the $500 strike price call options that expire on July 2nd.
At the time, those options had a bid-ask spread of $3.10 X $3.25.
Let's assume you were able to get filled at $3.10.
That would mean the stock needs to move above $503.10 by the expiration date just to break even.
Worst part: Even if you call the direction of the stock correctly— you could still lose money!
You have to get the timing right too.
But Jason's "casino" strategy can eliminate much of that difficulty.
When traders sell options, they position themselves like the "house" at the casino.
Every once in a while a high-roller will come in and scoop up a win on an option, but it's less likely.
Selling options is what gives traders like Jason a defined edge in trading because it can stack the odds in his favor.
If you want to learn more about Jason's options selling strategy, join him tomorrow, June 25th at 2 PM ET.
Register for Jason's LIVE training event here.
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