Selling Swing: shorting AAPL 320 weekly puts at 1.25 and 1.

[MMASSASSIN]

Selling Swing: shorting AAPL 320 weekly puts at 1.25 and 1.09 4x oversized vertical trough AAPL 310 puts at .20 area but this is trough rolling over by covering the AAPL 305 weekly puts shorts from 1.40 at .15 area and the AAPL 295 weekly puts from 1.25 at .05. So in other words we locked in the profits on the short on 305 puts that we made last friday and the short we made on AAPL 295 puts that we made during the AAPL drop on monday. Remember we were long the 295 puts as a leg on the vertical from .60 and we sold it at 1.25 then we shorted it at 1.25 to now lock in even more profits at .05 and now we rool that contract amount up to the short on 320s and we can leave the long leg of 285s there, no need to sell it since its worthless. so big smiles on the short strategy on AAPL thus far, now we have an additional 4x oversized short on the 320 puts line trough 310 puts for free.

This trade is one part of a larger strategy so please look back at Previous posts to see the whole picture. AND IF YOU ARE NEW, PAPER TRADE FOR AT LEAST A FEW MONTHS because this is ADVANCED OPTIONS TRADING !!