Selling Swing: shorted SPY 126 weekly calls at 1.00 and .80

[MMASSASSIN]

Selling Swing: shorted SPY 126 weekly calls at 1.00 and .80 same contract amount as the long on 125 weekly calls and shorted 87.50 calls at 2.50 area same contract amount as the 85 weekly calls that we entered into at .90-.97 that is up 400%. HUGE SMILES ) .This short on NFLX protects our 400% profit plus we shorted these 87.50 calls with premium equivalent to an expiration at 90.00. This way overnight we don't need to lock in profits and still profit from further run up. With SPY we also have 100% plus profit and this short on 126 weekly calls serves to remove risk of loss since both these options expire tomorrow. This is turning out be be a good week in the end after a difficult last week. With AAPL we today bought call options that are now up 100% already with a whole week to go, these options am considering wether or not we should also create a debit spread by shorting further out calls for next week and protect against deapruciation. OK we started betting yesterday and the day before, after news of this referendum, that there would be pressure from France and Germany to have Greece backpedal on it. Now I did not expect Popendreus (I will not spell that right) to be so stubborn on this issue but now finally when his presidency was in the brink of being lost, it seams he's stepping back. Once it sinks in or we have absolute certainty that there will be no Referendum from Greece then the bull market that seamed on its way last week can easily again take the rains. Would not be surprised to see gap ups, the point of resistance on SPY is 126.20 , above it the markets are in build mode. We would have to see a fill day candle open above it and close above in and then that would have us set up possibly longer term multi month bullish the markets. As long as this Greece referendum dies then the bullish market direction should not have anything holding it back as long as there is no other large international geopolitical event.

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 !!