Nothing like grabbing a 21% return on a trade where the stock moves against you.
We closed out a Gilead Sciences (NASDAQ: GILD) bear call spread for “MAX PROFIT” and a 21% return even though GILD ripped off 5 straight up days gaining more then 10% during the recent market rebound. It’s not the first time we’ve closed out a winner when a stock moves against us.
Watch my latest trade scan video to see why I like (and you should too) trading credit spreads…where you can be wrong about the direction of the stock but still come out with a winning trade.
About The Author
Meet Jon Lewis, With over 20 years of real experience, teaching AND trading, Jon will help you learn to use options profitably and safely in portfolios of any size.
His advantage, and now yours, is using simple, often overlooked spread options strategies which generate consistent income without significant risk.