This is for members of my Discord only but I couldn't figure out how to do it. So everyone can watch it but I am speaking to 2 or 3 people that have asked specific questions to me about the strategy.
This strategy is one strategy that you can do. There are other strategies as well. Tons of choices to make. It is good to be an educated consumer. This one is for the more advanced traders.
Step 1Bullish Loaded Dice 3- sell a ATM put ( -1) sell to open
step 2 buy and OTM put (1) buy to open
step 3 buy an OTM money call, (1) buy to open ----but do it all at the same time as part of a 3 legged spread order. All the brokerage houses take these types of orders with one click. Co not do the legs separately and do not use a market order. This isn't like buying an ETF where you can just smash market. Use a limit order and then YOU can define how much you're willing to take for the trade. I show how to set one up in TastyTrade.
Here is the other thing though. You may not want to do this trade all the time. Or you may just want to do 2 legs of the trade and not all 3. You may want to do a bearish version of the Loaded Dice. I try to cover all of these situations in here. I will have more content soon.
Hey everyone!
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