Selling Swing: shorted 1/2 AAPL 237.50 puts at 4.25 against

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MMASSASSIN
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Selling Swing: shorted 1/2 AAPL 237.50 puts at 4.25 against

Post by MMASSASSIN »

Selling Swing: shorted 1/2 AAPL 237.50 puts at 4.25 against the 240 puts. We wanted to short the 240 puts but the math did no align on the 240s but did on the 237.50. We only did half to give TSLA more time and see if we pull back more but here we just hit the old 100% fib extension that may serve as support. We are considering butterflying the remanding position if there is no bearish continuation.

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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