Selling Swing: Creating Credit spread by selling 129 Jan p

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MMASSASSIN
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Selling Swing: Creating Credit spread by selling 129 Jan p

Post by MMASSASSIN »

Selling Swing: Creating Credit spread by selling 129 Jan puts at .85-.80 since we already have the long on 128 puts that we entered into at .31 are now .52 . the hedge could not of worked out better and since we only went into the long leg first and since bonds did not go higher we not only erased loses but went into strong profits, and now that we have seen a gap cover am taking the second steep not of locking in the long position but instead reversing the position from bearish to again bullish by shorting same contract amount of the 129s as we are long 128s so much lower )

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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