Last week, in my 48-Hour Income service, we sold a cash-secured put on drug store giant, Walgreens Boots Alliance (WBA).
In 48-Hour Income, the goal of the service is to generate 1% to 3% returns per week by selling 2-day puts in certain stocks.
Put premiums were elevated in WBA due to upcoming earnings. The stock missed earnings, and despite generally being a low volatility stock, it dropped more in a one-day period than it has in over 40 years.
While we took a loss on this trade, it was a good lesson in why risk controls are important in any trading strategy.
How to double your money over the next 34 months
Tim Plaehn reveals how Trump's Fed takeover could move three assets giving you the chance to double your money over the next 34 months.
