Selling Swing: shorting 390 weekly calls at 2.40 area and

[MMASSASSIN]

Selling Swing: shorting 390 weekly calls at 2.40 area and shorting 126 weekly calls at 1.40-.35. on SPY same contract amount as the long on 127 and 128 SPY calls that we are at a strong loss on. this makes the SPY a credit spread worth 2 long legs. On AAPL am making it the same contract amount as the long on 390 calls. The enterys on 410s are practically 100% loss and can't add to the short with that as the long leg since the risk would be to great with such a large spread . Remember we still have shorts on puts on AAPL and on SPY. We are short 126 puts and on we are short 390 puts this brings about strangle positions on both plays. This positions us to profit from inactivity sideways action and now we are hedged against big moves in other direction. Once a direction is cleared we can removed the short leg on calls if bullish is the direction or exit the short on puts if bearish becomes the move while holding the further out long legs.

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 !!