Selling Swing: selling SPY 127 weekly puts at 1.61 area fro
Posted: Wed Aug 03, 2011 3:45 pm
Selling Swing: selling SPY 127 weekly puts at 1.61 area from 1.17 locking while adding same contract amount long SPY 124 weekly puts at .36-.40 . this brings us into a bullish SPY position with the short of SPY 126 weekly puts same contract amount at the long on 124 spy weekly puts. Also shorting AAPL 385 weekly puts at 1.20-.17 area vertical trough AAPL 375 weekly puts at .26 area same money allocation as we have on AAPL 405 weekly calls short , so now we have an IORN CONDOR on AAPL overnight.
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 !!