Don’t miss out on my FINAL 3 TRADES OF 2023! Just go here to get access!
I always love getting feedback from readers about what aspects of trading give them the most headaches.
Looking through some responses, one subject jumped at me…
It seems a lot of you out there find options credit spread strategies both scary and confusing…
So I’ve been thinking about how I can best help my readers demystify this trading setup that’s not as complex as many people think.
Let’s cut to the heart of this problem and I’ll walk you through it, step by step…
Options Spread Strategies Fundamentals
Options spread strategies are one of the most powerful weapons a trader can have in their arsenal…
And they offer a few advantages that are hard to come by with a straight-up call or put option…
Options spread strategies can help manage risk, either by capping downside exposure or helping to offset the cost of an expensive options chain.
I have a quick video from the vault with some (now historical) examples to help you visualize what’s going on…
The details on the individual stocks are always in flux, but the fundamentals of options spread strategies never change.
But I know what you’re thinking…
“Come on, Lance. I don’t want another video of you from the past, talking about options from a completely different market… No, sir!”
Well if you want to see breakdowns of more recent examples, I have you covered there, too.
Friday’s Top Order Flow:
- CCL Jul24 Strike: 25 Calls premium: $469,946 ASK BULLISH
Trade Date: December 29, 2023 Trade Time: 10:51 am
- W Feb24 2nd Strike: 80 Puts premium: $317,655 ASK BEARISH
Trade Date: December 29, 2023 Trade Time: 10:24 am
- MARA Jan24 5th Strike: 25 Calls premium: $116,267 ASK BULLISH
Trade Date: December 29, 2023 Trade Time: 11:31 am
Note: If no date is listed after the month, it’s the monthly expiration (third Friday).
Lance Ippolito Trading Team
Lance doesn’t want the CCP spying on him, so you’ll never find him on TikTok. Same goes for other social media sites, which are filled with impersonators, scammers and crypto bros.
You can only find him on his personal YouTube Channel — smash that Subscribe button! https://www.youtube.com/@LanceIppolito
And in his private Telegram channel: https://t.me/+-gVwEIwGJhplMTgx
*This is for informational and educational purposes only. There is inherent risk in trading, so trade at your own risk.
Thanks to so many of you for joining me this afternoon to run through our holiday weekend strategy.
Like you saw, long holiday weekends have been very very good to us!
If you missed it, I wanted to let you know that this year’s final THREE trades are about to be posted at 3 p.m. ET TODAY!
So, if you’d like today’s newest trades and the chance to target the BIGGEST holiday moves this weekend…
The profits and performance shown are not typical, we make no future earnings claims, and you may lose money. From 9/17/21 through 12/29/23, the average win rate is 72.2%. The average weighted rate of return on options trades was 15% over a 3-day average hold time.