Buying Swing: adding SPY 123 weekly calls at .79 area OVERS

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MMASSASSIN
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Buying Swing: adding SPY 123 weekly calls at .79 area OVERS

Post by MMASSASSIN »

Buying Swing: adding SPY 123 weekly calls at .79 area OVERSIZED and covering short SPY 124 weekly calls at .38 area then buying SPY 125 weekly calls at .14-.17 area OVERSIZED. So after todays data am removing the hedge on long SPY calls that was the 124 weekly calls short and focusing even more bullish first with the lower risk 123 calls then with the higher risk 125 weekly calls. The 125 weekly calls again are higher risk but if we have a strong move up today then . After the pop we saw I wanted to enter the calls if SPY hit 122.50 now they are 122.29 as I send this down much more than I expected.

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 !!
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