Selling Swing: creating Credit Spread by shorting 590 Puts
Posted: Wed Mar 21, 2012 10:50 am
Selling Swing: creating Credit Spread by shorting 590 Puts trough 585 puts long oversized the spread about 70 cents spread. and locking in profits on yesterdays short at about 80% profit. So in other words we are rolling up our short on calls for the third time each time we locked in about 70% profit on oversized this week . At the beginning of the week we had puts further out and each day we lock in the profits and move to a new puts credit spread as aapl keeps building up and thats how I tool up my options plays to allow additional gains on a trending strategy, and as decay hits further out strikes.
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 !!