There you go, we made $320 in /YM and /NKD in the Webinar so people certainly didn't waster their time attending!
I really love that F (FORD) trade we talked about at these prices, let's add it to the LTP:
- Buy 2,000 shares of F at $12 ($24,000)
- Sell 20 2018 $11.75 calls for $1.70 ($3,400)
- Sell 20 2018 $11.75 puts for $2.35 ($4,700)
?That's net $7.95 ($15,900) and our worst case is we're assigned 2,000 more at $11.75 ($23,500) for 4,000 at $9.85 ($39,400) but we'll collect $1.05 in dividends (7 x 0.15) ($2,100) while we wait. So our worst case is net $9.325 on 4,000 shares ($37,300) and our best case is we've laid out net $15,900 and we sell for $11.75 + $1.05 = $12.80 = $25,600, which is a $9,700 return on our $15,900 outlay (61%) in two years.
All green now, nice turnaround. If we can hold this, Europe should pop back tomorrow and give us a pre-market boost.
