Buying Swing: we saw todays gap up as a bull trap but desp

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.
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MMASSASSIN
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Buying Swing: we saw todays gap up as a bull trap but desp

Post by MMASSASSIN »

Buying Swing: we saw todays gap up as a bull trap but despite this we needed to have bullish hedges, so on the snap back down we bought long leg of 205 207.50 cDS at .37 average with .20 spread in mind. Entries as low as .26 and as high as .47 . If we were to fall back enough to get us towards mental stop, then would instead of right away getting stopped out, look at a lower down butterfly for a leg in. Remember we have a calls credit that would give us 1400% oversized profit if we close tomorrow bellow 190, so being liberal on the bullish position as a hedge are more than paid for.

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 !!