Selling Swing: AGGRESSIVE STRATEGY we protected all our MA

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
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Selling Swing: AGGRESSIVE STRATEGY we protected all our MA

Post by MMASSASSIN »

Selling Swing: AGGRESSIVE STRATEGY
we protected all our MAY calls since multi day negatives cleared on my formulas and we exited our swing stock finally. And we bought puts so turned from bullish to bearish.
we sold the swing stake at 85.20 area from 30s 40s and low 50s (THIS WAS A HUGE SWING).
we first re shorted 85 calls same contract amount as the 90 puts at 4.20 then fell and we waited for a bounce to short more above 4, we were able to get the rest at 5.20-4.19. This makes a 3 wing 85 cB with 75 80 and 90 as the long legs.
We also bought a 2x OVERSIZED 75 puts position strait long at .95-1.00.
After I did all this , after we went bearish, Elon Musk comes out with a tweet about another announcement and the stock started recovering. But we are sticking to our bearish bets till formulas turn bullish again.

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 !!