Selling Swing: creating AAPL 94.29 93.57 pCS by shorting AA

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MMASSASSIN
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Selling Swing: creating AAPL 94.29 93.57 pCS by shorting AA

Post by MMASSASSIN »

Selling Swing: creating AAPL 94.29 93.57 pCS by shorting AAPL 94.29 puts at 1.15-1.03 same contract amount as the long 93.57 from earlier. This puts us in a credit spread with only 1x risk to 9x oversized return ratio. We used the gap cover well and we still have the puts butterfly from yesterday that were watching closely and considering opening up the AAPL puts butterfly body if there is bearish continuation. again now if we go sideways or bounce we get 9x oversized profit ).

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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