Buying Swing: covering short leg of SPY 196 195 pDS put deb

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MMASSASSIN
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Buying Swing: covering short leg of SPY 196 195 pDS put deb

Post by MMASSASSIN »

Buying Swing: covering short leg of SPY 196 195 pDS put debit spread at .15, yesterday we did the same thing at .32-.33 area only to get back in at the close at .30. Today that we are cents away from testing SPY highs were again increasing the bearish hedge. If we pass the day highs we will look to enter SPY 197.30 puts short instead.

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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