Selling Swing: sold the 135 weekly puts at .83 area and bo

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MMASSASSIN
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Selling Swing: sold the 135 weekly puts at .83 area and bo

Post by MMASSASSIN »

Selling Swing: sold the 135 weekly puts at .83 area and bought 135 weekly calls at .64 area 2x oversized. the butterfly did its job am now exiting it at a small loss but overall the strategy remains profitable on the puts spread and adding to the bullish strategy with a new long leg 135 calls. the data was good so want to be bullishly placed now. Since we have a strong credit spread position protecting against sideways action feel comfortable making the long leg twice the usual entry right of the bat.

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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