Selling Swing: rolling over the short to AAPL 325 weekly pu

[MMASSASSIN]

Selling Swing: rolling over the short to AAPL 325 weekly puts at 1.45 area from AAPL 315 puts that we here cover at .32 area from 1.03 entry last week then flipping that position into a long same contract amount. So what we had last week was a short on 315 weekly puts at 1.03-1.00 vertical trough the AAPL 305 weekly puts at .45. Now when I say rolling over I am just locking in the profits on that short here at .32 the going long the same contract amount and then shorting the same contract amount that we had of the 315 short on the 325 weekly puts line. Also if U would notice the spread on last weeks short was only 57 cents since 1.02 - 0.45 = 0.57 and that was oversized this new position has a spread of 1.13 making the position 98% larger so almost 2x oversized. Since the position is larger it helps offset the fact that we only took 70% profit on the 315 puts short vs 100% profit if we held into expire.

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 !!