Selling Swing: shorting AAPL 380 puts weeklies at 1.67 sell

[MMASSASSIN]

Selling Swing: shorting AAPL 380 puts weeklies at 1.67 selling and shorting again SPY 117 weekly calls at 1.15 area and shorting GLD 167 weekly puts at 1.82 area. Anyway all of this was meant to create hedges on long positions so this way we can hold the long positions. Example the AAPL 375 weekly calls we have great profits on so we short same contract amount of the 380 calls to make a debit spread and we repeated the process on other big profit plays. On SPY we had moved long 117 weekly calls so we locked in the profits on that long 117 weekly calls again then shorted them again same contract amount as the long on 1145 calls hence another debit spread. and same thing with GLD same contract amount short 167 weekly puts as the very profitable long on 180 weekly puts. I remain bullish the market but with profits like this its good to remove some risk and if we have sideways action here we will profit, if we fall the further out options will lose premium faster that the long positions that are closer to the money or in the money. Big smiles on this week so far )

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 !!