Selling Swing: creating credit spread 665 weekly puts at 1
Posted: Wed Aug 29, 2012 1:04 pm
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 !!
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 !!