Selling Swing: sellign the 126 weekly puts at 1.83 area fr

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MMASSASSIN
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Selling Swing: sellign the 126 weekly puts at 1.83 area fr

Post by MMASSASSIN »

Selling Swing: sellign the 126 weekly puts at 1.83 area from .64 so 185% profit, but this leaves the short on 127 puts naked. If we bounce now we can very fast remove losses on this credit spread since the logn leg has been locked in. For thouse who do not have the margin requirements you can allways buy 125 weekly puts and then sell the 126s that way you are not naked short.We have held the trendline on houerly candles with only wicks bellow the trendline and all bodys holding above. It looks like we are well placed for a bounce, but if we were to see more wekness on the markets, then would quickly look to enter 125 weekly puts to renter a spread strategy.

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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