Buying Swing: covering short leg of 565 cDS at 2.45-.70 .

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MMASSASSIN
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Buying Swing: covering short leg of 565 cDS at 2.45-.70 .

Post by MMASSASSIN »

Buying Swing: covering short leg of 565 cDS at 2.45-.70 . hit the pivot around 554 area so were using that as a support level to lock in 1x oversized profits on our short leg . Remember we are up big on the 565 calls from friday and now were again fully bullishly positioned. We are ready to renter the short leg if there is continued weakness since now we are again fully bullishly exposed. Next target to the upside 572 area.

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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