Selling Swing: shorting 545 puts at 6.10-5.55 same contrac
Posted: Wed Mar 26, 2014 2:26 pm
Selling Swing: shorting 545 puts at 6.10-5.55 same contract amount as the 540 long leg creating a Credit spread with north of 20x profit potential. We are already up a wooping 700% oversized on the 540 puts we entered in earlier today as a leg in strategy, now instead of shorting into a debit we instead look to sacrifice the existing profits by creating a bullish position on where the profit potential is double.
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 !!