Selling Swing: selling GOOG 545 weekly calls at 6.20-6.00
Posted: Thu Jul 07, 2011 3:00 pm
Selling Swing: selling GOOG 545 weekly calls at 6.20-6.00 and 4.00-3.80 area from 1.10 so 662% Pure Profit on highest exits and selling GOOG 535 weekly calls at 15.00-13.50 and 11.80 area from 5.30 so over 150% profit on a 7.5X OVERSIZED stake so over 23x OVERSIZED profits on the long positions . We exited the GOOG 540 weekly calls short at 3.55-3.80 area earlier today so that freed up the long positions of the butterfly to bring us pure profits after removing about 1.5x oversized we remain with about 21X OVERSIZED and once we subtract the 100% loss on the 2x oversized 820 weekly puts long from yesterday we then end up with 19X OVERSIZED profits on GOOG play for this week, big smiles ). A summary of the GOOG strategy for the week.
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 !!