IM#1 on SY in PLAIN VANILLA

During our webinar this afternoon, and gearing up for our FREE two-hour-long workshops coming up in the Denver area this week, which leads up to the full 1-day RadioActive Trading Seminar on May 16th, I was able to cut my risk in half on Sybase using only Income Method #1 in the Plain Vanilla portfolio.

Sybase was virtually opened with a risk of $1.61 per share, or 4.4%. Today, we saw that we could sell the June 35 call for $0.90, cutting the at risk amount in half! If Sybase stays below $35.00 at June expiration, we keep the $0.90. If Sybase goes above $35 per share, we are virtually OK because the put option will still have remaining time value. Remember, the Plain Vanilla Portfolio is a virtual portfolio…if I am putting my money on the line I am going to use all 9 income methods that are discussed in The Blueprint, as I do in the Fission Portfolio.

Okay gang, here’s the trade. Let’s see what she does!

SYFG SY Jun 2009 35 CALL Sell to Open 4 @ $0.90
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