Last year I launched a private Facebook Group – Elite Option Traders Community as a way of bringing people together and sharing trade ideas etc.
It’s a completely free group and I’ll be sharing lots of tips and other ideas as well.
I know not everyone is on Facebook and some people outright despise it and that’s fine. I’ have a love-hate relationship with the company myself. But, if you’re on Facebook and you want to join a group of traders who are dedicated to improving and growing, then I hope to see you there!
As part of the group, I did 10 Trade Ideas in 10 Days and I wanted to do the same again this year.
Today, we started with the first trade idea – a Calendar Spread on JPM.
With this one there is a nice spread between the IV we’re selling (73%) vs the IV that we’re buying (52%).
Nice breakevens on the upside and downside, and I would consider adding a second calendar if the stock hits 73 or 101.
If you have a bullish or bearish bias you could move the trade up or down by $5.
Let’s see how it plays out.
Trade safe!
Disclaimer: The information above is for educational purposes only and should not be treated as investment advice. The strategy presented would not be suitable for investors who are not familiar with exchange traded options. Any readers interested in this strategy should do their own research and seek advice from a licensed financial adviser.
