Creating Credit spread by selling $AAPL 445 weekly puts at 1.35 and buying $AAPL 440 weekly puts at .60 area

/s Creating Credit spread by selling $AAPL 445 weekly puts at 1.35 and buying $AAPL 440 weekly puts at .60 area OVERSIZED the spread. By making sure the spread is the oversized money allocation then if we have sideways action and we lose 100% on the 470 calls then we also make 100% on the short puts position . I am bullish and see a pullback on $AAPL here as unlikey, but if it was to tern bearish since the 470s are so far out of the money its easy to short closer to the money calls if I had to and turn the whole strategy into an iron butterfly. I do not think that will happen but have it ask an option.

Posted in General Trading