For our Gold and Platinum trade members, here are some trade ideas for you. If you are interested in seeing the trades, please sign in or check your email.
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January 24, 2014
2 Trade Idea Adjustments: It’s been an ugly bearish day in the market!
I personally never was able to execute the BA trade listed, but was able to sell the TNA. I closed out some a couple of days ago for $0.02. I still own a few. As for adjusting, see ideas below.
Conservative:
BA
Sell a vertical put spread for Jan4 14.
Sell 138 Put
Buy 137 Put
Credit .22 or better (may keep order in through Monday, then cancel)
Adjustment ideas:
1- Close out for 1.00 debit for each contract
2- Roll out to next week
3- Get assigned and wait for recovery. If it helps, I have owed over 2,000 shares at one time on TNA – waiting for a recovery – I usually don’t wait long.
Moderate:
TNA
Sell a vertical put spread for Jan4 14.
Sell 76 Put
Buy 75 Put
Credit .19 or better
(Conservative twist: 75/74 bull put spread for .15 or better)
Happy Adjusting!
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