Selling Swing: locking in 60% profit on 585 trough 580 cre
Posted: Mon Jul 16, 2012 10:57 am
Selling Swing: locking in 60% profit on 585 trough 580 credit spread that was 2x oversized and rolling it up to credit spread 590 trough 585 july puts at .54 area again 2x oversized. whenever I rool up a position I make sure the position is the same money allocation as you put into the last position. Nice profit of over 1x oversized already from friday and the ability to continue rolling this pu if strength continues into next week earnings.
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 !!