Selling Day Trade: shorted today expire 423 calls at 1.55-.65 against the 421 we entered at 1.05 creating a cDB call

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MMASSASSIN
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Selling Day Trade: shorted today expire 423 calls at 1.55-.65 against the 421 we entered at 1.05 creating a cDB call

Post by MMASSASSIN »

Selling Day Trade: shorted today expire 423 calls at 1.55-.65 against the 421 we entered at 1.05 creating a cDB call debit spread. What that means is the play now is free with some profits locked in but more importantly is that if we go higher we can still profit from he 421 calls where this short dose not hinder us till we get 1.60 above the 423 strike, so in other words 424.60. And if we end up goign sideways we profit even more from the 425 420 415 pB that also expires today that we entered at .45 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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