Selling Swing: AGGRESSIVE STRATEGY we did 2 protective play

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MMASSASSIN
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Selling Swing: AGGRESSIVE STRATEGY we did 2 protective play

Post by MMASSASSIN »

Selling Swing: AGGRESSIVE STRATEGY
we did 2 protective plays on
trade 1
turned 430 pOB back into pB at 2.95-.80. reentering the body at about 1.3X OVERSIZED loss from entry. we were up nicely intraday but wanted to play it for a real continuation strength that dissipated here putting the position in to much risk so had to renter body to again remove risk.
trade 2
buying 415 puts at 1.25-.30 same contract amount as the 420 short leg, this gives us 2 long legs 415 plus the 410s.

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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