Buying Swing: doubling the 166 long leg at .72 area and en

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MMASSASSIN
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Buying Swing: doubling the 166 long leg at .72 area and en

Post by MMASSASSIN »

Buying Swing: doubling the 166 long leg at .72 area and entering short leg of 164 pDS at .77 area. This makes our positioning much more bullish, and this means that we have to add to the 166.50 short leg before the close. We still have a good bearish hedge with the 164 pDS.
OK now guys what if the market reversed here?? then we would turn this pDS into a pO2B by buying same contract amount long 163 puts this way we could double the body at the close.

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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