Buying Swing: buying 580 weekly calls at .60-.65 oversized

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MMASSASSIN
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Buying Swing: buying 580 weekly calls at .60-.65 oversized

Post by MMASSASSIN »

Buying Swing: buying 580 weekly calls at .60-.65 oversized and 133 weekly calls at .40 area with mental stops at .50 and .30 respectfully. I think we may get a market gap cover so going long SPY here. Yes the JPM loss moving up from 2 billion to 9 billion according to ny times is really bad but still am taking a bullish stab at this market gap down. Plus whenever it has a gap down my discipline is to attempt to bounce it since it likes to bounce of gap down .

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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