How to roll or manage in the money put credit spreads / when to cut your losses and move on
Channel: Tiffany Trades Options
Date: 2021-03-17

Hey Traders! This is a follow-on video to my February 19 trades in NVDA and SQ.  In this video I walk through three options for how to manage in the money put credit spreads.  They are: 1) cut your losses and move on; 2) roll out in time exactly as is; or 3) roll down, out, and widen your strikes for credit. 

I talk about the pros and cons of #2 and #3, and things to consider when deciding if this is the right strategy for you and your trades.  Number #1 sometimes stings, but having losing trades every now and then will happen, it's part of the process of learning, and it helps not to over analyze the why and move on to the next one. 

Ultimately, I take a loss in NVDA and roll the SQ position down, out and widen the strikes. 

Let me know if you have any questions! Thanks for watching, and take care.

***
Stay up to date with my trades - Tiffany Trades Options Trade Journal: https://docs.google.com/spreadsheets/d/1WA6U9Z6czsMJYY5301jLsHZ2s_SKbPkHR8VRrwpjHn4/edit?usp=sharing

Here is Trade Journal Template For You to Steal: https://docs.google.com/spreadsheets/d/1ogm4ZoO7vw8iGik1OH8IPbinAwn_nBOEbgAFBYo1oxk/edit?usp=sharing

****

This video is for educational and entertainment purposes only, and nothing I say in this video should be construed as financial advice or a recommendation by me to buy or sell any sort of security of investment, or open an account with any specific brokerage firm.

****
Ready to open a brokerage account? 

Tastyworks: https://tinyurl.com/yclelnv3
(For me to benefit from your referral, tastyworks says you have to fund your account with $2,000 within 60 days of opening.)

E*Trade: https://tinyurl.com/y7qdvo8g

Looking for Stock Trading Ideas?

Tiblio offers unlimited high probability options spreads so you don't have to spend hours searching for the right set up  : https://tiblio.com/?aff=E2mYQoyxWmWKTxEwbd9rT9 

Want to support me in other ways?

Open a Coinbase Account and get $10 in BTC when you buy or sell $100 worth of crypto: https://www.coinbase.com/join/heavli_o

Buy my soap! https://tiffanyriffersoap.com/

Join my Patreon: https://www.patreon.com/tiffanytradesoptions

Use my TubeBuddy referral link and learn how to boost your channel's SEO: https://www.Tubebuddy.com/tiffanyriffer

DISCLAIMER: Links included in this description are affiliate links. If you purchase a product, or open an account with the links that I provide here I may receive a small commission or referral bonus. There is NO additional charge to you! Thank you for supporting Tiffany Trades Options so I can continue to provide you with FREE content!