Selling Swing: double shorted 690 calls at 8.35 area big smiles, plus exited the 720 wing at 2.14 this way we have lock

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.
User avatar
MMASSASSIN
Trading for living
Posts: 5599
Joined: Thu Jan 29, 2009 1:30 am
Contact:

Selling Swing: double shorted 690 calls at 8.35 area big smiles, plus exited the 720 wing at 2.14 this way we have lock

Post by MMASSASSIN »

Selling Swing: double shorted 690 calls at 8.35 area big smiles, plus exited the 720 wing at 2.14 this way we have locked in about 35x oversized risk, 15x or is profit but mind you the profits from puts were erased on the bounce

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 !!