Selling Swing: creating credit spread by shorting 131 trou
Posted: Tue Jun 26, 2012 12:49 pm
Selling Swing: creating credit spread by shorting 131 trough 130 weekly puts at .30-.29 OVERSIZED This will help hedge our new SPY calls play against sideways action . and helps us more on a bullish move. Have been waiting 5 trading days for multiday buy signals to clear on my formulas and they are clearing now. I would not be surprised to see 150 point move bullish into the close on the DOW but if we go sideways then would tern the spy credit spread into a butterfly by going long 132s and doubling the short on 131 puts weekly
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 !!