Netflix and Chill Week 1 2020
The Winning formula
To begin the first week of collecting passive income. We use advanced technical analysis set to custom parameters
for determining the strike price of our weekly option sales.
This gives us 99.7% favorable odds
The Breakdown
Winner$ Lane
- To achieve our passive income goal we sell out the money options using NFLX stock as the underlying asset. Advance technical analysis is used to determine the option selling strike price.
- For hedging and risk mitigation purposes. Long dated calls and puts are purchased.
- Our weekly option sales currently have a 99.7% chance of expiring worthless this week.
- The long dated hedges create additional confidence for protection and peace of mind. $3,580 total spent on long term hedges to begin.
- Options lose time value exponentially, There will be little effect of time decay on the NFLX long dated option hedges compared to our short term Sales.
Bang Bang Money-Game 4LYFE
Week 1Updates NOV 23rd-28th 2020
23NOV2020
Position established on Netflix. An in the money call with a strike price of 470 was used. This gives us the right, not the obligation to purchase 100 shares of Netflix stock at $470 a share.
The hedge we had against upside risk was sold in the process.
28NOV2020
- We collected a majority of the time premium on our NFLX weekly options. These options were rolled to sell next week options for more income.
- The in the money call was rolled to an out the money long dated call. This wraps up the first week.
- Click the link below to find out about Week 2
Stay updated
Click the link below to follow up on the latest updates to our passive income system.