Buying Swing: adding 132 weekly puts at .19-.20 OVERSIZED

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MMASSASSIN
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Buying Swing: adding 132 weekly puts at .19-.20 OVERSIZED

Post by MMASSASSIN »

Buying Swing: adding 132 weekly puts at .19-.20 OVERSIZED yesterday we entered these at .27-.28 so this brings down the average. The market fell at open but bounced up on great data but a little to fast so will use this sharp push up as an add opportunity. The data was really good but we should pullback intraday before continuing higher, if we do I wish to instead of looking for a break even level instead will look to create a credit spread by shorting the 133 or 134 puts next hopefully at a higher premium than they are trading at now.

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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