Members took profits on a JNPR Covered Calls position yesterday. The end result was +6.18%…another winner in our long streak of winning. The reason for entry is detailed in this video. Check it out and feel free to ask questions.
Yesterday we covered this SPY Jan12 129/131 Bear Call Spread for +31.58% return on risk. Entry was 0.86, exit was 0.50. Total dollar gain, +0.36 or +$36 per spread.
In order to explain our reason for entry and how the trade is put together, we decided to share the trade analysis video that TickerTank Members received. Check out the video and feel free to leave any questions you have in the comments section.
Just FYI, we took profits because we tend to do so when unrealized gains reach 25-30% in a weeks time on a trade. This capital is now free and gains are realized, moving on to the next one.
Note: We promise we will share a losing trade with you once we have one, but the winners keep coming so you’ll just have to wait! :)