Buying Swing: bought 120 calls at 2.44 area. We reached th

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MMASSASSIN
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Buying Swing: bought 120 calls at 2.44 area. We reached th

Post by MMASSASSIN »

Buying Swing: bought 120 calls at 2.44 area. We reached the 119 pullback target so removed the 125 cDS but also wish to replace the 125 with a 120 so entering the 120 calls first and will then look to exit the 125 during the smallest bounce since both exposures is excessive. The 119 calls is same contract amount as the 125 puts position we entered into yesterday when we were at 128 when we had the 119 target. If this level is lost then next stop 115. Would at 115 focus on long term accumulation.

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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