Selling Swing: sold then shorted SPY 124 and 123 weekly cal

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MMASSASSIN
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Selling Swing: sold then shorted SPY 124 and 123 weekly cal

Post by MMASSASSIN »

Selling Swing: sold then shorted SPY 124 and 123 weekly calls at .50 and .25 respectfully . Chose to take the same contract amount long on 125 weekly calls and short it after taking the loss and on the 124 shorted same contract amount as the long on 122 and 123 weekly calls longs . We lost the day lows and had to create protection, if we fall further the next step would to renter a long on 122 weekly 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 !!
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