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The Wing Factor

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Options involve risk and are not suitable for all investors. Please read Characteristics and Risks of Standardized Options before deciding to invest in options.

A "Wing" is a term used uniquely in options trading to describe the risk of a trade through the protection that is purchased.

For example given a naked short put in SPY, we could define the risk and turn this into a put spread by buying a Wing $10 away.

Join Tom and Tony today as they dig deeper.

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