Selling Day Trade: shorting SPY 116 weekly puts 5x oversize

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MMASSASSIN
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Selling Day Trade: shorting SPY 116 weekly puts 5x oversize

Post by MMASSASSIN »

Selling Day Trade: shorting SPY 116 weekly puts 5x oversized at .81-.79 can do this because of the longs we have on 118 and 117 calls longs. This position is so large that a move to .91 would mean 1x oversized loss so mental stop is .91. I see a bounce setup just cleared on my formulas but multi day direction is negative .

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 !!