Selling Swing: the January monthly 760 calls from 8.65 10X OVERSIZED are now worth 110 bucks so we now have 117X OVERS

Here is where we post regarding stock picks on our swing trading ideas, from multi-day to multi-week both stock and option calls and puts, on the Nasdaq or NYSE.
User avatar
MMASSASSIN
Trading for living
Posts: 5599
Joined: Thu Jan 29, 2009 1:30 am
Contact:
Contact MMASSASSIN

Selling Swing: the January monthly 760 calls from 8.65 10X OVERSIZED are now worth 110 bucks so we now have 117X OVERS

Post by MMASSASSIN »

Selling Swing: the January monthly 760 calls from 8.65 10X OVERSIZED are now worth 110 bucks so we now have 117X OVERSIZED PURE PROFIT on options expiring next week. But to lock in or remove some of that risk here we are closing to buy this week 1000 calls same contract amount and double short 880 calls also for this week at 11.00 area. This removes 15X OVERSIZED risk for now and still leaves us with a bullish position for next 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 !!
Top

Return to “Swing for the Fences”