Selling Swing: we double shorted the 162.50 puts at .80-.6

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MMASSASSIN
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Selling Swing: we double shorted the 162.50 puts at .80-.6

Post by MMASSASSIN »

Selling Swing: we double shorted the 162.50 puts at .80-.63 then we bought more of the 190s at .35 area so that we could exit the 195s completely at 2.00. This tock us into a butterfly then a kicker on 190 then a credit spread. Have not done a high risk credit . The reason why am breaking with strategy is one it was a my stake to forget to turn the puts into debit, and two I do not see us falling back to these levels since we again penetrated 200.

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 !!
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