Selling Swing: sold 1/2 of 178 weekly calls at 3.00-2.90 a
Posted: Wed Sep 07, 2011 12:45 pm
Selling Swing: sold 1/2 of 178 weekly calls at 3.00-2.90 area from .84 250% profit ) and bought 180 weekly calls OVERSIZED at 1.20 area , now since we have the long on 175 calls we can exit the long on 178 calls since we get some credit spread action from the short on 175 puts long 174 puts. to further work our profit strategy. The added long calls stake works as further hedge with mental stop at .90
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 !!