As per my last post, I planned to do an Advanced Strategy for the upcoming AMD earnings report dated 17 July, 2014 (Eastern date), so I'll be closing off this Strategy Positions on the 18th July 2014 (Eastern Date) . Yes Right after the report is released, the next working day, I'll close the positions for this strategy.
Intention is to take advantage of the Volatility movement after the report was released. Below are the costs of the Trade executed on 25/06/2014. Take note below, there's 4 confirmation as both orders are been executed in 2 parts, not all are filled at once.
Bought 10contracts of Call at total : $488.57 + $58.51 = $547.08
Bought 10contracts of Put at total : $506.57 + $61.52 = $568.09
So total costs incurred for this strategy is $547.08 + $568.09 = $1,115.17 target to close on 18 July, 2014 , intention to take advantage of te earnings report movement. (Lets see how it goes)
CashFlow Investing is based on the Concept by Mr Robert Kiyosaki, where the Strategies/Mindset of Investing formulated Primarily for Cashflow collection, Secondarily for Capital Gains.
I see it as a business model similar to "Insurance", "Vehicle Rental", "Property Rental". Where you manage/own assets which generates Cashflow Income on a consistent, shorter term, manageable, predictable & acceptable basis.
It is not a Get-Rich Quick, One-Time jackpot kind of strategies where you can retire quickly, but a consistent system which I use personally which will & can replace your working Income over time, leading to Retirement.
Caution - Formulated Systematically to lead to Retirement in 8 years.