Still in these. We adjusted a little. And a perfect example of what we are looking for... Premium Trade Ideas Hi , The July Trade Ideas worked out well! There were 7 of 11 Trade Ideas that reached over 100%. 4 of those Trade Ideas reached over 300%: â¶ï¸ SPY Put Spreads: 381% â¶ï¸ TSLA Puts: 451% â¶ï¸ DKNG Puts: 333% And we scored big this week with SBUX Calls. Members with all different account sizes did well.... "This SBUX trade was a great one for sure!! I turned ~$900 into close to $5k!" - Rosie R. "SBUX wowser!" - James C. "Talk about being in the right place at the right time. Best one day gain ever for me. Keep âemâ coming." - Steve H. "This is the 2nd time this year that your recommendations profited over $1000 with one contract!" - Rosemary L. "Wow, my first one of these that moved like that. $75k profit. Love it!" - Greg R. Here's the advice/reminder I gave Members after the big SBUX win that might help you when trading options (buying or selling)... "Don't start getting bigger in the next trade/s because you made money on this one. Yes. This was a good one. Yes, we like those winners. But more importantly, we like our plan and we stick to the process. I have seen this mistake happen over and over. It's not you, it's simply human tendencies... We are all built like that! Stay focused." OXY We are still there. It's a November option so we have some leeway to play around a bit. Some legged into the trade over time. I asked members to sell calls against the original position on the initial burst higher. We had sold the September $70 Calls. With the stock down, I then asked them to "roll" the $70 Calls (i.e. buy back) into selling the September $62.50 Calls. That's what we have on: OXY September - November $62.50 Call Spreads. And we are now looking to buy back those September $62.50 Calls for pennies. Members have taken 45% of their initial investment off the table and trying to hang in there for the next round of earnings. We will likely sell more September or October calls on any move toward $60+. MGM You should be up on this one. It doesn't get us earnings. So, at some point, there will need to be a roll into November. On a push above $40, you may also consider selling the October $44 or $45 Calls to take in some premium and turn it into a call spread. Are You Ready? If receiving Great Risk-Reward Trade Ideas under my guidance is something that you value, this Winning Picks Premium [Quarterly Package]( is the deal of a lifetime. ð¡ 25-30 Premium Trade Ideas ð Groundbreaking Education ð Premium Tools ð A Trade Idea Newsletter ð£ Trade Idea Forum â¼ï¸ PLUS a free 1hr of 1-on-1 Coaching (Now 1 slot open this month) [JOIN NOW!]( Best, Felix P.S. If you have any questions, reach out by replying to this email. I am here to help. P.P.S. Get 25-30 Great Risk-Reward Trade Ideas in the next 3 months with 1-on-1 coaching included in this Quarterly Special [CLICK HERE]( Felix Frey
Creator of OptionsGeek
felix@optionsgeek.com DISCLAIMER: Options are not suitable for all investors as the special risks inherent to options trading may expose investors to potentially rapid and substantial losses. Options involve risks and are not suitable for everyone. Prior to buying or selling options, an investor must receive a copy of Characteristics and Risks of Standardized Options. Copies may be obtained by contacting your broker, The Options Industry Council at One North Wacker Drive, Chicago, IL 60606, or by visiting www.OptionsEducation.org. Felix Frey and OptionsGeek, LLC. are not registered as an investment adviser nor a broker/dealer with either the U.S. Securities and Exchange Commission or any state securities regulatory authority. All users of this Content and/or the OptionsGeek.com website must determine for themselves what specific investments to make or not to make and are urged to consult with their own independent financial advisors with respect to any investment decision. The viewer bears responsibility for his/her own investment research and decisions, should seek the advice of a qualified securities professional before making any investment, and investigate and fully understand any and all risks before investing. All opinions, analysis and information included on this Content and the OptionsGeek.com website are based on sources believed to be reliable and written or produced in good faith, but should be independently verified, and no representation or warranty of any kind, express or implied, is made, including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. In addition, Felix Frey and OptionsGeek, LLC. undertake no responsibility to notify such opinions, analysis or information or to keep such opinions, analysis, or information current. Also be aware that owners, employees, writers, or producers of and for OptionsGeek, LLC. may have long or short positions in securities that may be discussed on this Content or on the OptionsGeek.com website. Past results are not indicative of future profits. Felix Frey and the principals and/or employees of OptionsGeek, LLC. may hold securities of companies mentioned on the Content. Neither Felix Frey or OptionsGeek, LLC. is receiving any compensation from any company referenced in the Content. 244 Fifth Avenue
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