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Selling Swing: shorting 139 calls same contract amount as

Posted: Thu Mar 15, 2012 4:13 pm
by MMASSASSIN
Selling Swing: shorting 139 calls same contract amount as the long on 137 calls, this is like locking in the profits on the 700% gain we have on 137 calls but we still have the 140 calls that can bring us more profit if we continue up. did it after market since options trade an additional 15 min on SPY.

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 !!