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Selling Swing: selling 850 calls at 12.50-9.00 HUGE SMILES

Posted: Wed Oct 09, 2013 3:42 pm
by MMASSASSIN
Selling Swing: selling 850 calls at 12.50-9.00 HUGE SMILES on this entry from 2.55. and now we have a much larger free credit spread with no risk of loss since we have replaced the 855 leg with the 860 wow ). we wanted to see a bounce up to 862 to again reposition bearishly.

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 !!