Selling Swing: creating credit spread on 575 weekly puts t

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MMASSASSIN
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Selling Swing: creating credit spread on 575 weekly puts t

Post by MMASSASSIN »

Selling Swing: creating credit spread on 575 weekly puts trough 570 weekly puts at 1.25-1.15 oversized the spread. And buying 600 weekly calls at 1.50 OVERSIZED. So with a credit spread on puts hedging us against sideways action on the long on calls, I feel comfortable taking a bullish stake on after the gap up on good earnings and a steady 5 days of pullback. The long on 600 is high risk there is no multi day positives on my formulas but since am shorting the puts am willing to start attempting the bullish bet.

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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