Buying Swing: buying a long options position on 128 jan pu

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MMASSASSIN
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Buying Swing: buying a long options position on 128 jan pu

Post by MMASSASSIN »

Buying Swing: buying a long options position on 128 jan puts at .31 THis is meant to hedge the long puts position on TLT. I am still market bullish but need to create some protection with the intent of turning this into a credit spread before by shorting closer to the money 129 puts. Will start off with the long leg now since the bonds are moving up working against us. I think this is a bond trap if the market comes back.

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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