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IknowMyStuff

02/19/2021 22:12

$Churchill Capital Corp IV For those who replicated my 400% return vertical long call/call debit spread, here's what happens today on expiration:
The long call(17.50) gets exercised automatically & simultaneously the short call (20.00) gets assigned so your making 2.50 on each share, times 100. For each spread that u bought.
The great thing about this is that you do not need to have buying power or margin to buy the shares, the brokerage buys it for you. #Options Trading

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Disclaimer: The comments, opinions and analysis expressed herein are for informational and educational purposes only and shoulk not be considered as individual investment advice or recommendations. Webull is not responsible or liable in any way for comments posted by pur users.

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All Comments(4)

Lee***com02/19/2021 22:32
unrelated to here but it is weird how it displays the assignment and exercise. it shouldn't really factor your original debits into your exercise and assign amount. TLDR is the profit per spread was $2.50.

IknowMyStuff02/21/2021 00:51

indeed true

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Blk Narcissus02/19/2021 22:17
That is all on you You’re in the money and didnt sell? Wth did you think was going to happen ?

Diogenes.02/19/2021 22:31

Lol 😂 yep hE clearly doesnt know about spreads....play from both sides Nice 1500$ come up

IknowMyStuff02/19/2021 22:21

u don't stay with the shares, only the proceeds

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Matthew 02/19/2021 22:14
why are you here?

IknowMyStuff02/19/2021 22:20

I never sold a single uwmc share

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IknowMyStuff02/19/2021 22:13

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Hot Article
New traders....

I post on this platform to help you learn. I teach by sharing their experience. I look into the psychology of trading. I can see volume, demand, as it happens.

Rule number one the 25% rule, so you have $1000 to buy X corporation, your first entry is when it dips on whatever day. You use $250. If the stock goes down 10% or more you average down with your second by at 25%. This allows you to average down three times. It’s extremely important if you want to be a profitable trader.

It’s a little different averaging down with options, same entry only on dips and only with 25% of your investment for that position. If your option drops 33% in value you can add a second position averaging down.

I teach many lessons to help those become better traders. I also share exactly what I’m seeing and I use a lot of visual tools and images to help show you all and help you learn.

Please give me a follow on Twitter

I am not a financial advisor, I’m a very smart individual that happens to be very good with patterns charts and numbers. I also know this is a tough time for all of us, and we are all trying to do the best we can. I believe in karma and I’m here to help.

As a play, I see bitcoin going to 53,000 by this weekend and 59,000 by March 12, meaning bitcoin stocks are in action

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My Twitter handle is below, in addition I wanna give a shout out to @Stockdata Where is I look at the psychology of trading demand in volume this gentleman does research, analytics and his DD is off the chartsMatt 03/03/2021 03:31
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Don’t own any shares yet but plan on it!
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But I am not worried at all. Stocks go down and will come back up eventually. Invest in a good company. You’ll not loose untill you sell in loss. If possible avg down, if no money then just hold. delete the app and come back in a month or 2.

I know many of us are down. dont think u are alone and getting beat by the market day after day. I am with you, We are all in this together. stay strong my brothers from another mother. we are up against invisible forces trying to manipulate the market, shorting stocks and triggering the stop losses. Dont panic sell and give your hard earned money to those invisible Evil forces.

Tomorrow will be good, next week will be wonderfull, next month will be awesome. pretty soon we’ll all be smiling again👍.

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