1strangealien 12:23 pm on Tuesday, February 6, 2018
Tags: Fuzzy ( 414 )

BMY

#Fuzzy – BTO BMY Mar23’18 60/60/58 Fuzzy for 2.08. Leaving unhedged for now.

mortlightman 12:44 pm on Tuesday, February 6, 2018

Trying to do this also, Thx

Got it 2.40
smasty 1:36 pm on Tuesday, February 6, 2018

Looks good you guys!
Mike 8:23 pm on Tuesday, February 6, 2018

I am new to Fuzzy trade. How do you manage a fuzzy if the stock goes down below your long put, so your put spread is at full loss? The short calls offer low premium in this situation.
- 1strangealien 10:21 am on Wednesday, February 7, 2018
  
  Gee I wouldn’t want that to happen, I’m usually wanting to manage before then. I look at a Fuzzy as a shorter term trade which is fairly directional, you’re buying at support and looking for the stock to move up. If it’s not moving in the right direction that could be a problem because you don’t have as long to wait for the stock to recover. So you may have to close the trade out at a loss if the stock has fallen below support just like you would if it was a simple stock position. I look at it sort of like a covered call trade, if the stock gets above your hedge you can take profits (your “stock” gets called away) or roll the hedge up and out a week if you still have time before expiration. Anybody else feel free to add any thoughts!