I got this email today asking for a trade:
Would you consider offering me ONE OPTION STRATEGY IDEA regarding CREE ? I suppose some form of spread is what I am thinking of.
If you provide one ‘reasonably good results’ strategy , protecting principal, then I will sign up with you.
Thanks for any consideration.”
I am not going to post his name to protect his privacy but he did tick me off a little.
Do you go to a dentist and say, “let me see you clean one tooth, and if I like it, I will pay to clean the rest”?
Anyway, after I calmed down I responded and actually gave him what he asked for but I don’t know how helpful it will be…
“Thats not how we work.
but you want a trade, ok
sell the July 60/57.5 put spread
17 days to expiration cree looks strong so you should be safe. make about 7.7%.
but if [...]