Selling Swing: selling 124 weekly calls at 2.05 from .58 a
Posted: Fri Dec 23, 2011 12:16 pm
Selling Swing: selling 124 weekly calls at 2.05 from .58 at 253% profit. SPY should still reach 226..20 but am choosing to lock in the profits now since theta can eat into this so fast on the day of expiration. as I sent this out SPY is ticking higher at 2.12 ask. By the way the big stock that from allowing options to be exercised is paying of in a huge way today swell as the stock from few weeks back that also exercised.The stock stake I may exit next week but the stock I intend to hold into earnings. And also big smiles on the stock stake we accumulated the day it fell bellow 27s, TSLA I believe may have a strong run into january so am recommending the 29 jan calls here.
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 !!