Selling Swing: covered 215 calls 1/2 at 2.74-.90 . This le

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MMASSASSIN
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Selling Swing: covered 215 calls 1/2 at 2.74-.90 . This le

Post by MMASSASSIN »

Selling Swing: covered 215 calls 1/2 at 2.74-.90 . This leaves us with 220 215 cCS credit spread. on we entered the short 385 calls at 1.70 -1.10 the close hurt the profits there but we remain under 1x risk. The roller coster that is now leaves us to give back profits on the puts strategy if we stay at 540 or bellow but there we still make max profits on 540 cB call butterfly from friday. We have a huge credit that continues the profit picture bullishly, and a butterfly all the way up at 550 thats free. Only bellow 535 do we lose. Thats why we have a strong continuing profit potential on to work as a bearish hedge, the bearish positions from friday. On we have a call credit that works best at 215 or below but dose not hurt us all the way up to the 220 put butterfly from friday. So we have profit picture anywhere we turn on locked in but it gets lesser above 220.Thats a mouth full, busy week but we stand to net well north of 15x this week with potential of so much more than that if all goes well. Remember the free call credit 545 540 can net about 21X Oversized profit alone. Huge smiles , what a week )

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 !!