Trading Stocks The Safe Way

[Big Z]

BAC Short at 27.83
Nov 16, 28 Strike Call at .68
Effective Short Price 27.15
Max Risk .85 or 85.00 per 100 Shares

 

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[Big Z]

Big gap down on BAC today. Exiting with a 83% return on risk in one day is not a bad thing.
Sold the call at .33
Bought the stock back at 26.77
Profit .71 or $71 per 100 shares
71/85 = 83%

Trade Safe
Z

 

[Big Z]

WMT
Long 98.85
Nov 23 98.50 Put at 2.52
Risk 2.87

 

[Big Z]

Exiting WMT
Sold Stock for 103.33
Sold Option For .91
Cost Basis 101.37
Sold For 104.24
Net Profit 2.87
Risk was 2.87
100% return on Risk
All the while no stress, not glued to the computer. I didn't really have to worry about the election results either. The risk was fixed

Trade Safe
Z

 

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[Big Z]

Some stocks I am looking at for a long positions next week.
ENSG
ADUS
ANTM
USPH
These seem poised to go up and I will post one more trade for this year using one of these symbols.

 

[Big Z]

Not really sure if anyone is even reading this thread, but, I never got around to post one final trade for the year.
The market as you all may know, has been pretty beaten up. I looked at a small account I have with a family member today and wanted to see how it was doing for the year. Trading this strategy, the performance as of today's close is plus 15%. I always had a put option in place to protect, the way I have demonstrated here.
I hope someone received some value from this thread and was able to learn something new that made them better.
Wish you all a merry X-mas and a very prosperous and and jolly new year.
Z