Options Basics: Choosing A Short Strike Price

Options Basics: Choosing A Short Strike Price

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In this previous video, we talked about how to execute a bullish put spread (https://www.youtube.com/watch?v=QnnLTeLGh3I)

But how do you know which strike price to short in SPY when we are looking at the futures chart for the S&P500?

Reference the S&P500 futures chart: https://finviz.com/futures_charts.ashx?t=ES&p=h1

Context of the S&P500 for the specific trade in this video: http://www.lifestyletrading101.com/2016/04/01/friday-4116-market-fakeout-another-400-in-profits-as-options-expire-worthless/

To learn more about stock market wave patterns and generate consistent weekly income using weekly options, go to www.LifeStyleTrading101.com

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