Eat That Frog! by @BrianTracy
Add it to your reading list, guys and gals!
"It’s pretty remarkable to think that just a few short weeks ago traders thought we were setting up for a market crash and the bond market signaled the U.S. economy was headed for a recession. But guess what? The stock market is back to all-time high levels." - Jeff Bishop
For the $FB trade I’ve been filled selling -100 FB sep 20 $187.50 Put at $2.53 and buying +100 $185 Put at $1.53. This is a $2.50 wide spread of which I collected $1 premium. If FB is above $187.50 next Friday I make $10,000. I’m risking $15,000 then to make this trade.
Believe it or not, most traders don’t know what a lockup period is or how it affects stocks… let alone how to profit off the event.