Trades don’t always go according to plan. It’s important to know how to adjust.
Download Options Playbook Radio 117: What Happens When the Trade Goes Wrong
Brian is back to discuss how things went with the the long call that he discussed last week. Specifically, he discusses:
- The AMZN long call spread from last week
- Turning that into a standard butterfly with calls
- What happened after we placed the paper trade?
- What was the adjustment?
- Where do things stand now?
- How would we close the position?
- What is the risk? Reward?