Selling Swing: rolling up credit spread to 560 weekly puts

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MMASSASSIN
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Selling Swing: rolling up credit spread to 560 weekly puts

Post by MMASSASSIN »

Selling Swing: rolling up credit spread to 560 weekly puts trough 555 weekly puts at .75 spread and locking in the the profits on the credit spread from 545 at around 75% profit we should get pom those. all the accumulation on the 570 calls and the 565 calls we bought during the build yesterday today paying of in a big way due to the fact that we shorted 580 calls as protection the 580s will lose premium as we wait for bullish follow trough and now with another credit spread on puts to profit if it takes to long. I believe this pullback here should be bullish opportunity but if it works agains us we could easily buy the 565 weekly puts same contract amount to create an open body butterfly that we intend on latter closing up.

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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