Buying Swing: buying 96 puts at 2.60 same contract amount

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MMASSASSIN
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Buying Swing: buying 96 puts at 2.60 same contract amount

Post by MMASSASSIN »

Buying Swing: buying 96 puts at 2.60 same contract amount as the 100 puts this moves up our butterfly wing and makes the 64 the kicker that we can hold bearishly without protection. we lost S2 pivot point so we chose to again take a bearish but more conservative stance.

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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