Buying Swing: buying protection on with a October 140 130

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MMASSASSIN
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Buying Swing: buying protection on with a October 140 130

Post by MMASSASSIN »

Buying Swing: buying protection on with a October 140 130 120 cB at around .85 spread . Those of us who have a huge long term stock stake on wish to trough some insurance money out there. This will be for many of us 2x oversized or 1x oversized depending on how much you wish to protect against your stock. We have broken out bullishly on and with a butterfly the premium decay will not hit us strongly on bullish continuation. But with that said we moved up a lot after the CNBS coverage yesterday and thats not something we trust much hence protection is called for.

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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