Selling Swing: Huge smiles on long term january 545 calls
Posted: Wed Nov 27, 2013 1:09 pm
Selling Swing: Huge smiles on long term january 545 calls now 2000% profit.
We shorted the 145 weekly calls same contract amount as the long 145 jans at 1.90-.74 . this is what we will do intraday at possible tops from now on to collect a paycheck.So each week we will short calls, often only intraday , sometimes for swings and allow this long january 545 calls that we have held long term to serve as a basis for additional profits. We remain bullish on and do not mind exiting this short instantly if we pass the day highs.
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 !!
We shorted the 145 weekly calls same contract amount as the long 145 jans at 1.90-.74 . this is what we will do intraday at possible tops from now on to collect a paycheck.So each week we will short calls, often only intraday , sometimes for swings and allow this long january 545 calls that we have held long term to serve as a basis for additional profits. We remain bullish on and do not mind exiting this short instantly if we pass the day highs.
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 !!