Buying Swing: AGGRESSIVE STRATEGY buying long leg of 550 c

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MMASSASSIN
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Buying Swing: AGGRESSIVE STRATEGY buying long leg of 550 c

Post by MMASSASSIN »

Buying Swing: AGGRESSIVE STRATEGY
buying long leg of 550 cDS at 1.35-.50 with a .65 OVERSIZED in mind. we already had a Debit spread here, we are just adding to the long leg with the intention of shorting the 555 position before the close. We did this at open since we are so close to earnings and we won't be hit by premium depreciation. Plus most importantly we have finally broken the trend line resistance that held us back for the last 2 months. Finally broken so had to make bullish bets.

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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