Buying Swing: turning a debit spread into a credit making
Posted: Fri Apr 20, 2012 9:50 am
Buying Swing: turning a debit spread into a credit making spread (locking in 8X OVERSIZED PURE PROFIT) by at open buying 580 puts same contract amount at 1.00 and sold the 590 puts at 5.50 -5.30 and we held the short 585 puts short from gesturing in essence turning the debit spread into a credit spread since the market is strong I want to lock in the profits on 590 calls.
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 !!