Buying Swing: covering SPY 196 puts short at .50 area tunri
Posted: Wed Oct 29, 2014 2:15 pm
Buying Swing: covering SPY 196 puts short at .50 area tunring the 198 196 194 pB into a pOB open body butterfly. The FOMC news should be seen as bearish even though we don’t expect a big fall we would like to expose ourselves more bearishly intraday on this bounce after the news.
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 !!