Closing Options Action Trades: Tuesday Oct 9th, 2018 – AEP, BAX
Equity markets have started to show cracks, turn lower and volatility has picked up. We take this opportunity to take profits on short trades and cut losses on some of our long trades that are not profitable.
- AEP – 32% Gain: Long Oct 19 70/75 Call Verticals @ $2.95
- BAX – 50% Loss: Long Nov 16 75/80 Call Verticals @ $1.05
Upcoming Event: Wealth365 Summit: How to Leverage Options w/ Technical Analysis – Fri 10/12 @ 9:00AM EST