Happy Friday! Here’s today’s video!
If you’ve got a stock that was at a loss and is now at a profit, you can sell a covered call against it to improve your cost basis and protect what you have now.
There’s some nibbling in stocks right now, but you must use a very tight stop if you’re chasing the bottom. This is still a time to be very cautious.
This is a great time to go back into a trade with a naked put, which is a subject we’ll be talking about next week! So stay tuned!
And in the meantime, if you haven’t yet learned my strategy for trading the markets in two directions at once, you need to learn it here.
