Selling Swing: sold the AAPL 260 weekly puts at 4.50 area al

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MMASSASSIN
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Selling Swing: sold the AAPL 260 weekly puts at 4.50 area al

Post by MMASSASSIN »

Selling Swing: sold the AAPL 260 weekly puts at 4.50 area all of it as I send out this post she is now 4.70, as mentioned this was 3 adds equating a 3x oversized stake one at 5.50 the next 3.50 and the last add was 1.30, since each add was equal money allocation the 1.30 add amounted to 322% more contracts so the break even point was 2.45 on all 3 adds. a sell here on a 3x oversized position is over 2.5 OVERSIZED pure profits in the end on a play that was very negative today. This was ment to only erase loses but did much more than this in the way of nice strong profits and is why I emphasize the important of sizing strategy when playing high risk options. If I renter the puts it will be a new play with profits on this now locked in now that the 256 pull back target I mentioned when AAPL was at 262.9 this morning has been reached. Hewwwwww