Buying Long Term: correction buying long leg of 2X OVERSIZ
Posted: Mon Sep 08, 2014 1:03 pm
Buying Long Term: correction buying long leg of 2X OVERSIZED GLD 121 122 cDS call debit spread at .90 area with .32 spread in mind. We are up huge on the Sept Sept GLD 121 119 puts that create a open body butterfly. But today we reach a big initial target of 61.8% fib extension at 120.45. This helps hedge the profits if www start bouncing.
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 !!