Selling Swing: creating credit spread on weekly 605 put tr

[MMASSASSIN]

Selling Swing: creating credit spread on weekly 605 put trough 600 puts with a spread of .45 spread rolling up the puts shorts now for the 4th time ) and exiting the 610 weekly calls witch is part of the old iron condor at 5.60, but holding the 615 long leg. by the way after rolling up the short on puts we cover the old 600 trough 595 puts credit spread. This time at about 80% profit and this is the 4th time that , as we move up each day, the credit spread, we lock in about 65-80% profit , so this strategy of moving up our short again and again has yielded us so far about 3x oversized profits. Huge smiles on this strategy so far with the inside 605 leg working great for us since we entered into at 3.35 and they hit today 13.00 so at the high about 400% gain. Ok by the way switching to a recap of yesterday, the exits on AAPL yesterday were 5.60 for the 610 weekly calls and 12.10 for the 600 calls so we made about 7X OVERSIZED profit on the play into her earnings big smiles, since we obviously had 100% gain on the puts credit spreads.

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 !!