Buying Swing: buying SPY 113 weekly PUTS at .87-91 and shor

[MMASSASSIN]

Buying Swing: buying SPY 113 weekly PUTS at .87-91 and shorting SPY 112 weekly puts at .50 area as to end up with a debit spread overnight. This is a very high risk position with tomorrow expire of these options but with the short on 112 we have most of the position protected, and once we see follow trough bearishly we can quickly exit the short. And tomorrow you would expect to see overnight the theta hit 112 puts stronger.Am about 1x oversized the spread but if we exit the short we end up with 4x oversized the long. Big big smiles on the bearish bets on SPY the S&P etf plus the bearish bets on NFLX are working out quite nicely, the position on SPY puts was a full 18 x oversized all bearish from yesterday making today an exceptional day ). sorry on last post said calls when we meant puts,

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 !!