Traders Playground

Selling Swing: removing 625 calls risk by shorting 635 weekly calls at 4.70 area 1/2 the contract amount of the 625 weekly calls we entered into at 4.30-.45. (moving towards a debit spread) We are up right now almost 4x oversized profit on the 625 calls since this was always meant to become a debit spread. But instead of locking in the profits we still want to play this into tomorrows earning so we are now instead shorting the 635 instead of 630 calls brining up the max profit on this play up to 10x oversized profit if we were to see a move on after its earnings to or above 635. The credit spread we entered into after the open is also working out very well . So now we have absolutely no risk plus additional profit potential into the earnings event tomorrow after market. Before the close we have to short the other 1/2 position of the 635 calls to make this into a full debit spread

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 !!