We had great risk management on our SPX Put credit spread that was opened this week in the Compounding Growth Mastery. We also exited our Walmart (WMT) trade to protect capital on our call credit spread.
As for open trades in the Mastery, our LNG call debit spread looks about the same. We’ll discuss the risk management of our AAPL call credit spread ahead of it reporting earnings next week.
We also opened an iron condor on the SPX on Friday, betting that the SPX will open on Monday morning below $3,800 and above $3,595. We’ll dive into this trade deeper on the Analyze tab to review the risk management of the trade. We also have a similar plan on the SPY for those that have smaller accounts, which we’ll break down in the video above.
While we’re waiting for those larger swing opportunities (to hopefully short the rallies), we want to try and collect easy premium coming in. There’s a balance we want to consider between max loss versus max profit when trying to average 10% return per month.
We’ll review one of my trade ideas on NFLX as there are Big 3 buy signals on the lower time frames, it’s trading above the daily 21 EMA, and premium is getting pumped into the calls.
Stay Focused!