Selling Swing: sold 670 weekly puts at 3.35-.20 , that wor
Posted: Thu Aug 30, 2012 10:45 am
Selling Swing: sold 670 weekly puts at 3.35-.20 , that worked against us so had to create iron condor by shorting weekly calls 675 at 1.15-.07 trough 680 at .40 area. on and then we reentered 570 weekly puts at I'm embraced to say 5.00-5.15. as I send this out we are at 4.80 (. have gotten chopped up big time after opting up the puts butterfly but now feel relatively safe that will not go above 675 so the new calls position ail lose big premium into the close. Plus we have a bearish biest on the puts and has lost the trend line it held on to for the last 2 months. We should get continuation bearish.
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 !!