May. 13 at 8:09 PM
$AAPL $JEPQ $MU $NVDA
I did a thing...on schwab.com
Yes, I was PAID
$50 to make the bet. If my lower call isn't exercised and it closes below the lower strike, I NET
$50. It's called a ratio call backspread.
Max loss is if it closes at the upper call strike. It can be mapped on Think or Swim for how it all plays out. I need to figure out how to map it.
My favorite song for this is Gangsta's Paradise from Coolio. https://www.youtube.com/watch?v=fPO76Jlnz6c
"As I walk through the valley of the shadow of death.."
I have
$60 calls, so if someone exercises this, my
$60 covers, I think. Have to call Schwab as it gets closer and see what they say. Expect for someone to exercise if in the money as this pays a dividend.
Complicated shiz. Leveling up...with Level 2 trading on
$SCHW.
CROSS FINGERS! THIS IS DANGEROUS AS IT CUTS INTO EXISTING CASH WHILE IT'S CROSSING THE MOAT.
This sure as F isn't financial advice. This is very dangerous & ties up max loss cash.
https://www.youtube.com/watch?v=L3wKzyIN1yk
NOT FINANCIAL ADVICE AT ALL!
