Buying Swing: buying 135 weekly calls at 1.19-.20 these ar

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MMASSASSIN
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Buying Swing: buying 135 weekly calls at 1.19-.20 these ar

Post by MMASSASSIN »

Buying Swing: buying 135 weekly calls at 1.19-.20 these are next week calls. has a very nice symmetrical triangle that started back in july last year and today we may be breaking out of the triangle. I was waiting for my multi day buy signal to clear on my formulas before pulling the trigger and it now has. This is the first entry into this new swing trade and have no hedge on her yet. Tomorrow before the weekend comes I may position into a debit spread to protect against theta but have not decided on that yet since believe we should see momentum picking up now on her.

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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