Keeping this short as I am buying in panic and everyone is selling in panic.
JPM - Selling May 35/39 bull put spread for $0.80 net credit
AAPL - Buying May/July $260 call calendar for $8.50 net debit
GE - Buying Sept 17/20 call spread for $1.20 net debit
I am going to put this on bold capital letters:
START BUYING WITH BOTH HANDS!!!!!!
About Me
- Fahad Khalid
- Chicago, IL, United States
- I have Masters in Business (Accounting and Finance 2003) from Michigan State University. I have been trading the market since 1998. Prior to picking up trading as a full-time career in 2008, I was a management consultant at Alvarez & Marsal and Conway MacKenzie for four years. I provided turnaround, crisis management and restructuring services to financially distressed firms. Prior to working in turnaround, I worked in Audit & Assurance at Deloitte & Touche for two years. Trading in the market has always remained my side business ever since I started college. 90% of the time, I trade through options. I love volatility skews and positive Theta plays. While I make a lot of directional bets, in general my favorites are to take advantage of high implied volatilities through calendar or butterfly spreads and vertical credit spreads. I never buy straight calls or puts and I do a lot of exotic multi-leg option trades.
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