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            | Topic: | Psychology | 
        
            | Number of pages / Number of words: | 34 / 9482 | 
                
    
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In other words, we asked:
âHow can a trader transform a position into a more desirable position with just one trade?â We
did, however, bend this rule a little when one trade produced no acceptable strategy.
- Although you may be able to transform a trade with just one transaction, the resulting position
can contain options at strikes that may or may not be appropriate for your new outlook...
        
        
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Therefore, a trader MUST analyze these strategies in greater depth. The strikes chosen
bear greatly on the resulting profit/loss. Do several âWhat-If â scenarios before using these strategies.
- There are many other strategies, such as: calendar spreads, condors, Christmas trees, and option
strips that are not addressed here...
        
        
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