Selling Swing: selling 121 Dec puts at 1.02 over 100% prof
Posted: Wed Dec 14, 2011 12:46 pm
Selling Swing: selling 121 Dec puts at 1.02 over 100% profit on a 2x oversized stake, also shorting again 120 weekly puts at .66 area same contract amount as our long 119 puts to make a credit spread. big smiles on yesterdays turning bearish on it by first shorting call then covering the puts short and holding the long 385 puts that are now deep in the money. has some support at 378 but I have not yet locked in the profits on those puts longs, giving her more time.
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 !!