Selling Swing: shorting SPY 116 weekly puts at 1.06 area sa

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MMASSASSIN
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Selling Swing: shorting SPY 116 weekly puts at 1.06 area sa

Post by MMASSASSIN »

Selling Swing: shorting SPY 116 weekly puts at 1.06 area same contract amount as the long 115 weekly puts, credit spread and buying SPY 117 weekly puts at .90 area OVERSIZED . turning it into a credit spread bullish biest. Now on my formulas multi day direction is still bearish but the market data was to good to ignore so am moving bullishly now on my positioning for a bounce setup has cleared and we can easily pass the day highs on a bounce alone. We also have a bit of a butterfly strategy here also so if I wish to reverse the position its easy to do.

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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