Selling Swing: shorting 395 weekly puts at 1.60 area credi

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MMASSASSIN
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Selling Swing: shorting 395 weekly puts at 1.60 area credi

Post by MMASSASSIN »

Selling Swing: shorting 395 weekly puts at 1.60 area credit trough 385 Oct puts at .38 area and covered the AAPL 380 weekly puts at .27 area. So in other words we rolled up the credit spread from 380 line up to the 395 line. The strategy on AAPL into earnings had one long oversized position that had 100% loss and a short far out 380 puts that today has close to 100% profit as per strategy no loss on a bullish bet on AAPL into earnings. Now that the strategy worked to eliminate losses am moving on to the next step to tern it into a profit strategy by using the high premiums as we tool the credit spread up .

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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