The Option Trade in Wells Fargo (WFC) That Has Won for 3-Straight Years
Wells Fargo & Co (NYSE:WFC) has earnings due out on July 14, 2017 before the market opens. And, just like our prior dossier on JPMorgan, the real opportunity with options isn't earnings -- it's right after earnings -- and we see a trade that has won three straight years without a loss, returning 154%.
The Trade After Earnings
One of our go to trade set-ups starts by asking the question if trading every month is worth it -- is it profitable -- is it worth the risk? There's an action plan that measures this exactly, and the results are powerful not just for Wells Fargo & Co(NYSE:WFC) but also for JPMorgan, where it has won for three straight years without a loss.
Let's test the idea of selling a put spread only in the month after earnings. Here's what we mean:
Our idea here is that after earnings ...View the full post at: The Option Trade in Wells Fargo (WFC) That Has Won for 3-Straight Years ...
Cashing in on the Unbankables
Monaker Group (MKGI) Offers a New Technological Approach to the Vacation Rental and Tourism Industry
Payment Data Systems (PYDS) Shows Strength as FinTech Sector Continues M&A Activity
Cyber Security: The Most Profitable Sector Of 2017