Selling Swing: shorting weekly 685 / 690 calls credit spre

Here is where we post regarding stock picks on our swing trading ideas, from multi-day to multi-week both stock and option calls and puts, on the Nasdaq or NYSE.
User avatar
MMASSASSIN
Trading for living
Posts: 5599
Joined: Thu Jan 29, 2009 1:30 am
Contact:
Contact MMASSASSIN

Selling Swing: shorting weekly 685 / 690 calls credit spre

Post by MMASSASSIN »

Selling Swing: shorting weekly 685 / 690 calls credit spread, 685s at 1.85-.75 690s at 1.15 area and and on puts buying 650 puts at 1.30 area 1.14-.30 almost 3x oversized at 1.10-.30. On the puts this the long leg of what ail become before the close a GOOG weekly debit spread 650 / 645. We will get the 645 short leg latter on in the day at the close if goof falls again , and that would be the ideal senerio. But if shows strength then we enter the short leg faster

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 !!
Top

Return to “Swing for the Fences”