New Trade/Play Suggestions.

From Greg M

Lions, BAC is a buy here.

Remember!!!! ALL MY LATEST STOCK PICKS ARE POSTED ON MY WEBSITE- CLICK HERE: https://traderschoice.net/about-traders-choice/

I STRONGLY advise you to learn how to SELL puts/options and set up credit spreads. There is MUCH more to successful trading than just buying calls and or puts.

When you BUY an option, time decay immediately starts working against you. When you SELL an option, time decay immediately begins working FOR YOU…

3 ways to play this.

#1. You can buy just ITM calls which expire out 6 months. This strategy carries the most risk, but also has the highest profit potential. -I WOULD DISCOURAGE YOU FROM UTILIZING THIS STRATEGY! A LOT OF RISK HERE.

#2. A BETTER STRATEGY IS THIS: Sell WAY OUT OF THE MONEY, at least 20% OTM, puts which expire out 2 weeks. This strategy carries less risk.

#3. THE BEST STRATEGY IS THIS: The least risky strategy is to set up a credit spread- and there are many ways to do this easily- I explain how to set up credit spreads in my book, *** link below.

I PERSONALLY LIKE TO UTILIZE EITHER SELLING PUTS, OR SETTING UP CREDIT SPREADS TO TRADE- 99% OF THE TIME I AM A NET SELLER OF OPTIONS WHEN I TRADE.

*** I cover each of the above strategies/how to set them up plus MUCH MORE in my book A (NOT) So Random Walk On Wall Street.

GM

Trading involves financial risk.