Selling Swing: shorting 600 weekly puts trough 595 weekly

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.
User avatar
MMASSASSIN
Trading for living
Posts: 5599
Joined: Thu Jan 29, 2009 1:30 am
Contact:

Selling Swing: shorting 600 weekly puts trough 595 weekly

Post by MMASSASSIN »

Selling Swing: shorting 600 weekly puts trough 595 weekly puts 2x oversized at .48 area. This position is 2x to hedge the long on 610 calls now getting clobbered by theta, so that if we get sideways action from here then a 100% gain on the credit spread would erase losses on 610 calls.

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 !!