Buy the Jan 143/130 put spread for 3.25
im not a big fan of going so far out for my protection, i would do a serious of put spreads vs one big one that far out. scott says he wants the protection to kick in right away, sure, this will gain a bit if market goes down next week, but so will a put spread thats for Oct opex. but lets look at if this protection "kicks in right away" come Jan opex. as shown in the video clip, the SPY needs to be at 139.75 at jan opex to "kick in right away"...so in other words you will suffer a 10% loss FIRST before you protection kicks in right away. hardly my definition of protection. see all of scotts on-air trades in this google docs spreadsheet
click -->Follow @Mark_Lexus to follow on twitter
No comments:
Post a Comment