Buying Swing: buying 124 weekly calls at .58 OVERSIZED for

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MMASSASSIN
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Buying Swing: buying 124 weekly calls at .58 OVERSIZED for

Post by MMASSASSIN »

Buying Swing: buying 124 weekly calls at .58 OVERSIZED for a swing high risk. these calls expire friday so premium may eat us up fast, but after a market consolidation today am using this as a buying opportunity. I still hold the short on 123 puts on from yesterday and did not put it into a butterfly because premium decay is working in our favor and multi day direction remains bullish. before the close I may short the 125 calls to create a debit spread on this new 124 call entry. As I send this out the calls are cheaper at .48.

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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