Selling Swing: shorted the 170 puts at 8.50 area same cont
Posted: Wed Jan 15, 2014 10:39 am
Selling Swing: shorted the 170 puts at 8.50 area same contract amount of the 165 puts we entered into at open at 1.60 area. On this play .90 = oversized so we now have a credit that had guaranteed profits and a max profit potential of 7.66 X oversized if we close at or above 170. we still hold the 155 puts from yesterday as a bearish hedge against a snap down if it was to come.
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 !!