Selling Swing: Locking in on wee 10.24X OVERSIZED PROFITS
Posted: Wed Mar 12, 2014 2:52 pm
Selling Swing: Locking in on wee 10.24X OVERSIZED PROFITS and increasing potential up to 16.25X OVERSIZED. we do this by entered the short body at 7.07-6.70 average is 7.00. we went trough the math in the chat room today so thought Id post it out for peoples notes.
4.5 + .5= 6.00 for longs, then for the short leg its -7.00 times 2 = -1400 so what you get is .
-14.00 + 6.00 = -8.00
since its a negative you add that to the 5.00 you get
8.00+5.00 =13.00
so our oversized is .80 so
13.00/.18= 16.25 X OVERSIZED
Enormous smiles this week play grounders , this was meant to hedge our puts but ended up becoming a huge profit driver ) to a exceptional week thus far.
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 !!
4.5 + .5= 6.00 for longs, then for the short leg its -7.00 times 2 = -1400 so what you get is .
-14.00 + 6.00 = -8.00
since its a negative you add that to the 5.00 you get
8.00+5.00 =13.00
so our oversized is .80 so
13.00/.18= 16.25 X OVERSIZED
Enormous smiles this week play grounders , this was meant to hedge our puts but ended up becoming a huge profit driver ) to a exceptional week thus far.
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 !!