Selling Swing: creating credit spread by shorting 595 mar
Posted: Wed Mar 14, 2012 11:16 am
Selling Swing: creating credit spread by shorting 595 march calls at 3.15 trough 600 march calls at 2.80 area oversized the spread. am taking advantage of this huge premium spike on very far out of the money calls to short the premium for believe that her moving that high seams unlikely. But since we have had huge strength as of late if we were to push higher passed 585 then would look to also short AAPL puts focusing on the 570 puts trough the 575 puts to move us into a iron condor. I would only move into an iron condor though if we moved passes 585s.
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 !!