Selling Swing: selling 600 weekly puts at 4.45-.40 locking
Posted: Thu Jul 12, 2012 1:16 pm
Selling Swing: selling 600 weekly puts at 4.45-.40 locking in profits and doubling the short on 595 puts at 2.20 area. buying 605 weekly calls at 1.39. this has cost me a full 2x oversized ( opening up butterflies can do that but the profits on the 600 puts gives us 3x oversized profits ). but we could of exited them earlier at 8s (. if we move up we will make another 2x oversized profit from here on the 595 puts losing premium. all of these are for this week
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 !!