Buying Swing: 95/90 pDs for .80, I'm still holding my 380/3

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.
ctinvestor
Posts: 230
Joined: Wed Apr 27, 2011 8:24 pm

Buying Swing: 95/90 pDs for .80, I'm still holding my 380/3

Post by ctinvestor »

Buying Swing: 95/90 pDs for .80, I'm still holding my 380/385 to try to lock in over 300% profits. By doing what I'm doing I'm risking .80 of profits this week to protect myself in the event of a correction. The best case scenario this week is the options close at 390 so my put debit spread max profits for a profit of 4.20 per spread and my 385/380 cDs locks in for 3.80 making a total net profit of 8.00 this week, so risking this .80 to make possibly and additional 4.20 is a good risk:reward
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