Let’s take a look at the iron albatross spread. In today’s video I want to talk about a cheaper options trading strategy that we can …


  1. There are many better trades — this one is a poor strategy. Good explanation but not quite as it seems.

  2. I will forever be indebted to you ? I was able to build a big income stream investing with Mrs Bertha Rosalie. You’ve changed my whole life, Thanks so much.

  3. Guess what would have happened if you used that strategy? Today, Jan 7th, the stock expired at $1026. As I said before, you would have lost your 355.
    Even on Monday, this contract would not be filled at this amount. I did it on paper trading and I could barely break even during the week, because of the unlikelihood of this contract to work. Stop spreading these terrible strategies, respect your audience! You have made great content before, don’t fall for the “I just want more views” trap.

  4. Does anyone knows if you close the Iron albatross with debit or credit? Your answers will help a lot. Thanks

  5. If you enjoy a nice low probability gamble then try this strategy. Otherwise go to the casino and throw this money on black, you’ll have a better chance at winning.

  6. The only way this trade can work is to take this trade off after few days of stock's up/down price action. taking into expiry, the losses are waiting.

  7. This trade will be a loosing trade for those who don't know how to adjust options when things are going south. Yes, the Credit you receive are great, but the probability is low and that makes this trade a bad one, specially TSLA which moves more than 50 points a day.

  8. Thanks again David I got my $5,000 in less than 3 days ⬆️⬆️⬆️⬆️⬆️

  9. If your max profit to max loss ratio is very good, that means you have a high probability of loss. If the ratio is bad, then your chances are good. Zero sum game. End of story.

  10. Great informational. You’re the go-to guy as I begin with my small account portfolio! Keep it up and blessings into the new year my guy

  11. In the past I've opened a $150 out of the money weekly TSLA option spread. Through the course of a week it's been $100 ITM and $150 OTM. It's not for the faint of heart. To successfully nail a $25 spread on TSLA is asking a lot.

  12. All you have to do is guess almost exactly where a highly volatile stock is gonna be. It's really not that hard

  13. in the future it would be helpful to show the bid/ask spread. Have a feeling getting this filled at a decent price will be a challenge.

  14. Any One please help me my financial position is so worst due to COVID I don't even have essentials for survival ????

  15. I hate to be negative here, but I think the odds of losing 355 on this strategy are much higher than winning 2400. The price has to be in a very specific range for it to work, and Tesla stocks fluctuate way too much. If you do that in a more predictable stock, then you win much less premium.

  16. Can you please do a video on taxes for options selling? All these are short term capital gains so how can we prepared, how to file, do we need to keep track of every trade and best way to do that etc

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