Selling Swing: shorting 123 weekly puts at .78-.76 same co

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MMASSASSIN
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Selling Swing: shorting 123 weekly puts at .78-.76 same co

Post by MMASSASSIN »

Selling Swing: shorting 123 weekly puts at .78-.76 same contract amount as the long on 119 weekly puts, this moves the position from 2x oversized bearish to 2x oversized bullish . The strength has been incredible in the markets today and to see the SPY really push above 123.60 here at this point am forced to concede that a retrasement dose not seam to be in the cards. am not ready to go long calls yet though rather allow premium to depreciate if we stay at the 123.60 level for a while.

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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