Netflix and Chill Week 2 2020
The Winning formula
For the second week collection of passive income. We use advanced technical analysis set to custom parameters
for determining the strike price of our weekly option sales .
This gives us a 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 determines the option selling strike price.
- For hedging and risk mitigation purposes. Long dated calls and puts are purchased.
- Weekly option sales currently have a 99.7% chance of expiring worthless.
- Long dated hedges create additional confidence and peace of mind.
- Options lose time value exponentially, There will be little effect of time decay on NFLX long dated option hedges compared to the short term option sales.
Bang Bang Money-Game 4LYFE
Week 2 Updates Nov 28th-Dec 3rd 2020
Nov 28th 2020
- We begin Week 2 of with equity value at $100,522.
- Our weekly option sells provided passive income last week.
- Depreciation in our long term option hedges occurred as well.
Nov 28th-Dec 2nd 2020
- 10 Short weekly strangles sold with a Dec 4th 2020 expiration
- 3 Bear call spreads sold that expire Dec 4th 2020
- 3 Long term strangle hedges added.
Dec 3rd 2020
Today is the last day before our weekly contracts lose there remaining value.
- Weekly option sales was scaled to bring in over $2,000 of income
- Our long term hedges depreciated this week and experienced slippage during the ordering process.
- We begin to look at week 3 now for contract selling, while we wait to gain the remaining money from Week 2.
Dec 3rd 2020
- Account value sits at $102,417
- Click the link below to find out about Week 3 results
Stay updated
Click the link below to follow up on the latest updates to our passive income system.