Lions LEARN CREDIT SPREADS! As a trader YOU MUST KNOW ALL THE TRICKS..
Below is a short excerpt from my book, A (NOT) So Random Walk On Wall Street, page 38.
Credit Spreads: Get Paid Upfront to Trade Stocks. Here I am going to show you exactly how to get a net credit to your trading account every time you enter a trade using a simple straightforward strategy. This IS the secret that Wall Street does not want you to know about! There exists a remarkably simple strategy which any trader can execute that pays you immediately upfront for simply placing a trade, yes this is true I am going to teach you how every single time you execute a trade, in the manner which I am going to outline here, you will get a net-credit to your account, (yes you read that right)! Moreover, as an options trader using this strategy you will use the arch enemy of traders, time… (read more on page 38 and learn exactly how to do this).
Check out that 10yy. Up up up! I wouldn’t hold anything long over the weekend.
99% of my option positions are credit spreads (sometimes combined to be iron condors)