Buying Swing: turning 169 -pB into -pOB by covering the fu

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.
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MMASSASSIN
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Buying Swing: turning 169 -pB into -pOB by covering the fu

Post by MMASSASSIN »

Buying Swing: turning 169 -pB into -pOB by covering the full 169 short profit at .25 area. Since we have now exposure bullishly with 171 calls that are in the money now we have the long 170 puts exposed and ready for volatility with strangle type effect. We do not know if we end up with a sell the news type action and this way we can profit from any volatility.

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 !!