Buying Swing: buying SPY 110 weekly puts at 1.11 OVERSIZED

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.
User avatar
MMASSASSIN
Trading for living
Posts: 5599
Joined: Thu Jan 29, 2009 1:30 am
Contact:
Contact MMASSASSIN

Buying Swing: buying SPY 110 weekly puts at 1.11 OVERSIZED

Post by MMASSASSIN »

Buying Swing: buying SPY 110 weekly puts at 1.11 OVERSIZED . This is very high risk very far out of the money puts that expire this week, but chose to go bearish here since this S&P downgrade again should continue to have bearish legs . Especially with all support levels we have meet so far have been lost. Now AAPL 385 weekly calls, the one bullish play lost here the mental stop of 1.00, but since am continue to focus bearishly first with SLV calls then now SPY puts, we should hold this hedge. So for now will continue holding AAPL 385 weekly puts passed mental stops.

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 !!
Top

Return to “Swing for the Fences”