Selling Swing: creating credit spread 665 weekly puts at 1

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.
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MMASSASSIN
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Selling Swing: creating credit spread 665 weekly puts at 1

Post by MMASSASSIN »

Selling Swing: creating credit spread 665 weekly puts at 1.04 area trough 660 puts at .53 area .51 spread OVERSIZED. and locking in profits on 655 puts credit spread at .09 spread ) . we are so close to max profit on the puts credit spread we wish to roll it up into a new oversized credit spread. So right now we have an Iron Condor bit of balanced with a larger credit spread on the calls side than the puts side. At the close we wish to make both calls and puts into butterflies by adding a new closer to the money long 1/2 the contract amount of the short and removing 1/2 of the existing long legs on both puts and 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 !!