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Showing content with the highest reputation on 12/08/2015 in all areas

  1. 1 point
    I only caught a part of the webinar, they started late because of technical difficulties. I was only able to catch the first trade example. It was a NFLX put diagonal. It wasn't clear as to why the presenter picked the strategy and didn't clearly explain the background of the trade. There were a lot of questions on the chat about why he picked a diagonal instead of a calendar, and what underlyings he uses this type of trade on or what his methodology of analysis he used to come up with the trade idea. And the questions seemed to be left unanswered. I honestly was pretty unimpressed, the presenter was not a good speaker and did not do a good job communicating to the audience. It was basically a presentation on an example of a profitable trade where he held the diagonal until the short leg expired worthless. He didn't talk about what he would have done if NFLX had gone up and how he would have managed the trade if the underlying started go against him. I'm pretty sure it wasn't an earnings related trade, the example was a short a December weekly put, and long a January closer to the money put for a debit. If anyone else was on, maybe they can add to what I caught.
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