The Option Genius Podcast: Options Trading For Income and Growth Credit Spread Horror Story with Jeremiah Wiser - 25
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This is the episode all credit spread traders MUST listen to.
Jeremiah placed a credit spread trade with the max loss of a little less than $500. This was the 35/30 put spread on DBZT.
Potential ROI was 19% in 10 days.
The stock closed on expiration day at $47.80. So the trade is a wild winner, right?
Then why did Jeremiah lose $1,250?
That is more than the max loss!
What is going on here?
And this can happen on any credit spread you sell.
Listen in to learn exactly what happened and how you can keep it from happening to you.
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