Selling Swing: AGGRESSIVE STRATEGY turning 156 puts kicker

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MMASSASSIN
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Selling Swing: AGGRESSIVE STRATEGY turning 156 puts kicker

Post by MMASSASSIN »

Selling Swing: AGGRESSIVE STRATEGY
turning 156 puts kicker into pDS by shorting the 155.50 at 1.32-.24. Friday we bought a 157.50 pDS with .11 spread, that was up a lot today so we butterflied the play , but we also added a 156 kicker to the play same contract amount at .40 area. now every 11 cents that that leg gained became a full oversized profit, now we have a HUGE 10X OVERSIZED pure profit on this play and entering the same contract amount short leg here locks in the profit even though we can make more if this fall continues tomorrow.

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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