Selling Swing: sold the 585 calls we entered into at at 30

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: sold the 585 calls we entered into at at 30

Post by MMASSASSIN »

Selling Swing: sold the 585 calls we entered into at at 30.20 from last fridays entry at 3250% profit, since it was a debit that we removed only the short leg. that is not including 1500% profit on 2x butterfliys so double that and 2100% gain. these numbers are stunning for me because its a 80X oversized profit week. This is one of the best weeks of my trading career stunning so whatever your oversized this week alone was 83 times that in profits. It was one of those weeks were we start of early with positions on that turn against us but we keep playing with it get chopped up and end up with a perfect pin on the final 615 butterfly. When a butterfly pins that can bring about exceptional gains. Now add to that what we did yesterday witch was a gamble on 138 trough 139 calls debit spread. That position had us over 1 thousand % gain overnight right from the get go. But Turning that position into a butterfly once we were already at max profit made us profit even further by turning 1700% profit into a final 2100% gainer. Sometimes the start align and this was one of those times huge smiles )

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 !!