Salomon Johns

This week I wanted to continue what a friend showed me with options and try to change up some of my stock trading strategy to include more options which have historically been a loss for me. I am trying a short strangle option on CMG and PCLN. For more reading on the strategy read The Options Guide article here. PCLN – JUL29 1277.5/1372.5, 2.50 CMG – JUL29 417.5/437.5, 1.95 My thoughts on this, PCLN seems like the safest bet as the…

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This week I am giving options another try with a different strategy, a naked call. It involves selling a call option without owning the underlying asset. More about it here. Despite the risk the underlying asset is trading far out of the money. Historically I have not had much luck with options, but with some guidance and input of a friend I am giving them a try again. AMZN – 15JUL16 750.0, 0.90