The trader first talks through his proprietary method of looking at stock charts. Once he walks through the basics, he reviews the chart of the GDX and talks about why he sees it as a great candidate for the bull put spread. This trader looks for a long setup in the charts and identifies his stop level on the chart.
The speaker walks through a bull put spread options strategy that he initiated on the NDX. He explains how he made money even though the NDX went down. The Bull Put spread involves two options, a long
As the name suggests, the bull put spread is a bullish options strategy and consists of one long and one short put.