Selling Swing: shorted AAPL 109 puts at 1.23-1.20 same cont

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MMASSASSIN
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Selling Swing: shorted AAPL 109 puts at 1.23-1.20 same cont

Post by MMASSASSIN »

Selling Swing: shorted AAPL 109 puts at 1.23-1.20 same contract amount as the 108 puts we bought earlier at .47 area. This creates a 109 108 pCS put credit spread where our max loss stands at a little more than 1x loss potential but a nice 5x profit potential if we stay above 109 into friday.

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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