Selling Swing: shorting 600 weekly puts trough 595 weekly

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MMASSASSIN
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Selling Swing: shorting 600 weekly puts trough 595 weekly

Post by MMASSASSIN »

Selling Swing: shorting 600 weekly puts trough 595 weekly puts 2x oversized at .48 area. This position is 2x to hedge the long on 610 calls now getting clobbered by theta, so that if we get sideways action from here then a 100% gain on the credit spread would erase losses on 610 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 !!
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