Selling Swing: shorting 280 NFLX 280 weekly calls at 1.84 a
Posted: Thu Jul 21, 2011 12:08 pm
Selling Swing: shorting 280 NFLX 280 weekly calls at 1.84 area same contract amount as long on 285 weekly calls after locking in profits on the short on 295 weekly puts. This help put us in an iron condor for we still hold the short on 275 weekly NFLX puts. Now we are betting on sideways action. On AAPL after the pull back here have to do the same, so shorting AAPL 390 weekly calls at 1.50 area same contract amount as the long on 395 calls, but with mental stop at 2.00. This also makes the AAPL position into iron condor since yesterday we shorted 385 weekly puts. all of these expire tomorrow.
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 !!