Buying Swing: covering short GOOG 520 puts at 2.65-.80 am lo

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MMASSASSIN
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Buying Swing: covering short GOOG 520 puts at 2.65-.80 am lo

Post by MMASSASSIN »

Buying Swing: covering short GOOG 520 puts at 2.65-.80 am locking in 50% profit. UNBOXING the position. the strategy here was to profit trough options depreciation and it worked out well. Now will hold the long position that is now unbowed and again serving as a bearish GOOG position. If we do not see more weakens int the close on GOOG then into the close will again offset the long with a larger short . For now will continue to hold the short on the further out of the money 500 puts since these can still continue to lose premium even if we start to retrace.
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