The Poor Man’s Covered Put is an options strategy that profits when the price of the underlying asset decreases in value (or a bearish move). I will show not only how to spot swing trades to increase our odds of a winning trade but how to further increase our chances by using options. Swing Traders who are looking to take advantage of a bearish move will use less margin, have less risk, and much better odds using the Poor Man’s Covered Put than more traditional trades.
Correctly identifying the trend is the “make or break” moment in the success of any trade, and I touch on that in this webinar but more importantly, you will find out how using options can limit your risk and increase the probabilities of a successful trade. Join Eric “The Wolfman” Wilkinson, former Chicago Board of Trade floor trader and 25 years professional trader, as he will show you how to spot the best time to use the Poor Man’s Covered Put option strategy.