Selling Swing: shorting 547.50 calls at 3.30-.60 to hedge

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MMASSASSIN
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Selling Swing: shorting 547.50 calls at 3.30-.60 to hedge

Post by MMASSASSIN »

Selling Swing: shorting 547.50 calls at 3.30-.60 to hedge the profits on 540 longs same contract amount ).This means the play is free even with a strike this high and we now have 1280% profit yet 12.8 X oversized profit ).
on the puts side shorting 540 puts at 2.10 to reduce max loss potential and still give us some hedge on the calls profit. Big smiles this week.

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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