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Option Strategy That Can Provide Protection

In this video, we will explore an option strategy that can provide protection for existing call option purchases and at the same time can increase the profit potential for your call option trade.

Prime Trade Select has produced a lot of profitable call option trades over the years. When you have a profitable call option trade should you hold the trade for further upside profit potential . . . or do you take profits in case the stock declines in price with the possibility of a profitable option trade turning into a loss?

Learn how Chuck's Team manages profitable trades by legging into a spread trade to help protect profits and also increase the profit potential of the existing call purchase.

The Team will demonstrate this spread strategy by examining an actual AMAT option trade. The advantages of this strategy for the AMAT trade include:

-Providing downside protection that allows the AMAT trade to profit it the stock is up, down or   flat at option expiration.

-Boosting the profit potential of the existing AMAT trade by 80%

-Reducing the dollar risk in the AMAT trade 48% from $778 to $403 

Whenever you can profit when a stock price increases, decreases or remains flat at option expiration it will result in a higher percentage of winning trades and this can make you a more successful trader.