If you panicked about the stock market going down, well guess what you have an easier decision on your plan. Maybe it is hard for you to pull it and if that's the case I don't know why you are in it. Maybe you think its going higher and good luck. I will be back later.
LETS CONTINUE WITH THE FAKE OPTIONS GAME AND WITH THE MARKET SELL-OFF THIS MEANT TO SELL ANOTHER PUT ON THE CLOSE. THEREFORE THE FOLLOWING WOULD BE THE FAKE PORTFOLIO
5 CALLS AT $44 COSTING 0.27 CURRENTLY PRICED AT 6 CENTS
1 CALL AT $42 COSTING 0.23 CURRENTLY PRICED AT 11 CENTS
1 CALL AT $40 COSTING 0.29 JUST ADDED
WITH THE $35 PUTS AT 0.84 THEN ANOTHER ONE WOULD BE SOLD AND THE ABOVE CALL OPTION HAS JUST BEEN PURCHASED ON A FAKE LEVEL
3 PUTS AT $35 COSTING 0.39 CURRENTLY PRICED AT 84 CENTS
1 SOLD AT 84 CENTS (+115%)
1 SOLD AT 76 CENTS (+94.9%)
The added calls are more of insurance or hedges because if the market does not sell off then it will go higher most likely and this can cause profits. If this call option doesn't win then I can maybe start to get 200-300% gains in the remaining 3 PUT plays. Again this is a casino game and I am treating it as such and thus just documenting what seems obvious in +/- terms.
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