Buying Swing: bought long leg of 175 cDS at 1.20-.30 . We

Here is where we post regarding stock picks on our swing trading ideas, from multi-day to multi-week both stock and option calls and puts, on the Nasdaq or NYSE.
User avatar
MMASSASSIN
Trading for living
Posts: 5599
Joined: Thu Jan 29, 2009 1:30 am
Contact:

Buying Swing: bought long leg of 175 cDS at 1.20-.30 . We

Post by MMASSASSIN »

Buying Swing: bought long leg of 175 cDS at 1.20-.30 . We now have max profits on our 175 pDS ) just about and wish to have a hedge on those profits for incase there is any bounce, the stop on this position is at .50. If we get stopped out then the much larger october puts protection would continue gaining with strength. Big smiles on our bearish weekly and bearish longer term protection plays especially the mid term october puts strategies.

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 !!