I set up the following trades today.
- A put spread for NFLX today (long 230 put, short 235 put, exp this Fri), $50/pair of contract. NFLX’s 20 day SMA is 237. I chose put, b/c of higher profit.
- A call spread for PCLN (long 500 call, short 505 call, exp this Friday), with $120/pair of contract. PCLN’s 50 day SMA is 504, which has been a strong support for PCLN for at least the last 2 years.
About admin
Richard Cheng, M.D., Ph.D., is an avid Wall Street investor with 20+ years of investing experience. He is specially adept at observing the world to find the patterns and then design strategies to win his battle. Most, if not all, happenings in the world, follow certain patterns. These patterns may be complex, multi-factorial, not so intuitive at the first glance, or even may appear chaotic. However, even chaos has its own patterns. If you pay attention and be patient, you'll find them and then you will gain an upper hand in your battle. Using this blog space, he documents his trades and his thoughts as they happen. He uses this blog as a a notebook to help him better refine his strategies. Hopefully this will help you as well. Good luck in your trading.
