Buying Swing: buying SPY 132 weekly calls at .85 area OVERS

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: buying SPY 132 weekly calls at .85 area OVERS

Post by MMASSASSIN »

Buying Swing: buying SPY 132 weekly calls at .85 area OVERSIZED next weeks calls. the markets are right at the low of trend line so have to take a bullish attempt over the weekend , controlled position with high potential for we should see some sort of resolution, we have never in history defaulted on payment and not raised debt limit so if U look at the chart technicals are a screaming buy. I may add one more oversized stake before the close of the same options. This is the chart spy7-29-11.png .

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 !!