Selling Swing: creating credit spread on 575 april puts tr

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MMASSASSIN
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Selling Swing: creating credit spread on 575 april puts tr

Post by MMASSASSIN »

Selling Swing: creating credit spread on 575 april puts trough 570 april puts oversized .57 spread. using the huge premium that we have on such far out of the money puts with the intent of next week start rolling them up. Also did a high risk 615 butterfly at .70 for today expire for incase we bounce some but will exit if we don't bounce by 1:30.

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 !!
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