Lions! New/Continuing Trade.

From Greg M

Lions.. GS is again a buy here.

I strongly suggest trading just one or two positions and continue to rotate in/out of it. Take GS for example- this is in a long term uptrend, and if you are selling puts and or setting up credit spreads against it- you will give yourself a constant flow of income.

Steady income is the name of this game.

IF YOU MUST BUY CALLS/OPTIONS, UTILIZE ONE OF THE TWO HEDGES I OUTLINE BELOW.

long Strangle

The long options strangle is an unlimited profit, limited risk strategy. This strategy is utilized when the trader/investor believes that the underlying stock will encounter high volatility in the near term. Significant gains are attainable when the underlying asset price makes an especially strong move either upwards or downwards.

To set up a long strangle strategy, the trader/investor will purchase an out-of-the-money call option and an out-of-the-money put option simultaneously, on the same underlying asset with the same expiration date.

Long Straddle

The long straddle options strategy offers unlimited profit, while limiting risk. This strategy is used when the trader/investor believes that the underlying asset will experience considerable volatility in the near term.

A long straddle strategy can be set up as follows. The investor/trader simultaneously purchases a call and put option on the same underlying asset with the same strike price and expiration date.

***AGAIN I DO NOT RECOMMEND BUYING OPTIONS UNLESS YOU ARE EXCEPTIONALLY SKILLED AT DOING SO.

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