Selling Swing: shorting 118 weekly calls at 2.22 same cont

Here is where we post regarding stock picks on our swing trading ideas, from multi-day to multi-week both stock and option calls and puts, on the Nasdaq or NYSE.
User avatar
MMASSASSIN
Trading for living
Posts: 5599
Joined: Thu Jan 29, 2009 1:30 am
Contact:
Contact MMASSASSIN

Selling Swing: shorting 118 weekly calls at 2.22 same cont

Post by MMASSASSIN »

Selling Swing: shorting 118 weekly calls at 2.22 same contract amount as the long on 120 weekly calls , to bring us into a in the money debit spread instead of just stoping out of the long calls position. This was to create protection instead of being stopped out but I see big volatility coming so chose to add more of the SPY 120 calls to rubble the stake at 1.25. Waiting for some direction after the 2:15 fed and then would release the position other bearish by exiting half of the long position hence credit spread balanced, or cover the short and be fully bullish.

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 !!
Top

Return to “Swing for the Fences”