Selling Swing: adding to short NFLX 120 weekly puts at 1.20
Posted: Mon Sep 26, 2011 3:59 pm
Selling Swing: adding to short NFLX 120 weekly puts at 1.20 area credit spread trough NFLX 115 weekly puts at .50 area, have not yet cleared the long leg, this would bring up the stake to a 3x oversized stake trough the spread. Since we have 3x oversized money allocations long , this protects against sideways action but leave more exposure if there was to be a bearish turn. now am heavily positioned bullishly for the week on NFLX and as long as we don't have a pul back bellow 120 there should be no loss due to sideways protection with this credit spread accumulation.
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 !!