Showing posts with label legging into options. Show all posts
Showing posts with label legging into options. Show all posts

Tuesday, January 10, 2017

The Golden Trade

On Tuesday I made the infamous “golden trade.” I had a single contract put spread on that went profitable and I legged into another contract to create the long-sought-after golden trade.  This means that I can’t lose on this trade.  I can make between $3 and $102 but I can’t lose money.  The options expire next week so I will look to either leave it to close to expiration or cash in sometime next week.