Selling Swing: locking in 90% profit on puts credit spread

Here is where we post regarding stock picks on our swing trading ideas, from multi-day to multi-week both stock and option calls and puts, on the Nasdaq or NYSE.
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MMASSASSIN
Trading for living
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Selling Swing: locking in 90% profit on puts credit spread

Post by MMASSASSIN »

Selling Swing: locking in 90% profit on puts credit spread then rolling up the spread by creating new short weekly 520 trough 515 puts at .45 cent credit spread spread. I entered the short leg first have not yet entered the long leg this way we can build up the spread as moves higher. Then will lock in the profits on the 495 485 puts credit spread were locking in 90% profit

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 !!