Selling Swing: LOCKED IN 16 X OVERSIZED PURE PROFIT on the
Posted: Thu May 17, 2012 1:17 pm
Selling Swing: LOCKED IN 16 X OVERSIZED PURE PROFIT on the the 550 weekly puts at 17.00 area from 4.90-5.50 area reentry yesterday on a position that every 70 cents equal to 1x oversized profit. This is a huge week plus we hold the short on 545 weekly puts so every time from here that 545 puts lose 70 cents we will make another oversized profit. We also today entered a puts position on SPY 131 at .20 and sold at .45 for over 100% gain there.
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 !!