Selling Swing: shorting 140 weekly puts at 1.35 against the 145 puts we bought last week at .79 creating a debit sprea

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MMASSASSIN
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Selling Swing: shorting 140 weekly puts at 1.35 against the 145 puts we bought last week at .79 creating a debit sprea

Post by MMASSASSIN »

Selling Swing: shorting 140 weekly puts at 1.35 against the 145 puts we bought last week at .79 creating a debit spread. Big smiles on the AAPL bearish positioning from last week thats now 4.00, and yes we still have the 137 pull back target but here we want to remove all risk and lock in some profits. Remember we could at any time buy 135 puts then short 140s again as to turn thing into a butterfly if we wished to lock in more profits, but not ready to do that yet. Plus remember this is for this week, we still are long 140 puts for next week but that one is up only 100% so far, not 400% like this weeks hehehehe.

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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