Buying Swing: locking in profits on 330 weekly puts shorts

[MMASSASSIN]

Buying Swing: locking in profits on 330 weekly puts shorts at .15 area from entry at 1.39 and 1.20 , then shorted same contract amount of the AAPL 335 weekly puts at 1.11 area. so wee keep locking in about 4x oversized profits and moving the whole position up to a higher strike. We started by shorting AAPL weekly 315 puts at 1.03 and at .32 we covered and rolled over that contract amount to a short on 325 weekly puts at 1.45 making the position 2x oversized. Then the AAPL 325 weekly puts we covered at .35 from 1.45 and we rolled that over to a short of equal contract amount on the AAPL 330 calls were we already had another set of short positions at the time after locking in 2x oversized profits. And now we roll this over one last time to the AAPL 335 weekly puts after locking in profits on the 325 puts it gives us another 4x oversized profits were locking in. So this moving each short up a few strikes here and there while locking in some profits along the way in the process has gained us already 7x oversized pure profit and we have a substantial stake in the short on 335 puts now that can yields us another 3.5x oversized profits theoretically. SO BIG SMILES ON 7x OVERSIZED PROFITS IN THE BAG on this short puts strategy this week alone.

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 !!