Buying Swing: turning 205 210 215 cB into cOB by covering
Posted: Thu Apr 24, 2014 10:12 am
Buying Swing: turning 205 210 215 cB into cOB by covering the body at 1.20-.75 making 1.50 average, as I send this those options have dropped to 1.00 (. We retested the declining trend line and and we believe the chances are good this is a wick bellow that propels us up into another bounce. If this breakdown is confirmed to be real then we would take a credit risk by shorting 107.50 as a lower butterfly body.
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 !!
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 !!