Selling Swing: shorting 670 calls at 1.90-.85 area rolling

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MMASSASSIN
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Selling Swing: shorting 670 calls at 1.90-.85 area rolling

Post by MMASSASSIN »

Selling Swing: shorting 670 calls at 1.90-.85 area rolling down the credit spread from 675 to 670 weekly puts same contract amount. So we lock up big profits on our very large hedge 675 calls short and move the same contract amount down to 670 calls line short now trough 675 witch we ail go long on. We made that move as soon as the day lows were lost to buy us time. Now that we see bearish follow trough am looking to exit 1/2 of the 665 weekly puts short. We got chopped up today earlier in the day but now were is much better shape ).

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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