Selling Swing: creating credit spread short 625 weekly cal

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MMASSASSIN
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Selling Swing: creating credit spread short 625 weekly cal

Post by MMASSASSIN »

Selling Swing: creating credit spread short 625 weekly calls trough long 630 weekly calls at .97 spread oversized. Plus going long 600 weekly puts at 2.00 OVERSIZED. I wish to start focusing bearish on GOOG but just like SPY we can if it terns against us move into a iron butterfly by shorting closer to the money puts as we did this week.

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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