Buying Swing: buying 535 weekly puts at .70-.80 area OVERS

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MMASSASSIN
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Buying Swing: buying 535 weekly puts at .70-.80 area OVERS

Post by MMASSASSIN »

Buying Swing: buying 535 weekly puts at .70-.80 area OVERSIZED This is a bearish bet that we could easily turn into a credit spread if we were to see strength reemerge, but with the markets losing key levels, we have to be using intraday market bounce here as a bearish opportunity. Either way this, far out leg can gain fast on a fall but is far enough to tern into long leg of credit spread. In a market where we can move up to only fall again I like that even after that, if things were to zig up then down and we were in a credit spread we would easily next on steep 3 be able to turn this into a butterfly or a calendar spread.

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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