Buying Swing: AGGRESSIVE STRATEGY bought shorted 460 puts

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MMASSASSIN
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Buying Swing: AGGRESSIVE STRATEGY bought shorted 460 puts

Post by MMASSASSIN »

Buying Swing: AGGRESSIVE STRATEGY
bought shorted 460 puts at 1.30 area 1/4 the contract amount of the long 555. We planed to make it 1/2 but chose to have a more bearish bet since we already have the strait long calls 470s still. This way we are positioned to profit from volatility tomorrow. Was waiting for a bearish flush at the close that never materialized

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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