Selling Swing: selling then shorting AAPL 295 weekly puts a
Posted: Mon Jun 20, 2011 10:41 am
Selling Swing: selling then shorting AAPL 295 weekly puts at 1.29 area from .60 100% gain then, buying the same contract amount of AAPL 285 june puts at .53 area as what we sold plus we are adding additional contract to keep as vertical for the 305 puts as well. So to clarify we were from last week short the AAPL 305 puts and we are bleeding on them today , that was vertical trough 295 puts, now we are moving the long leg down to 285 puts to lock in some profits on the long leg plays make the 295 puts strike now a short when before it was the long. Now the 285 line serves as the long leg for both 305 and 295 puts shorts. As usual oversized the spread.
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 !!
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 !!