Buying Swing: bought 575 calls at 2.60-2.75 same contract

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MMASSASSIN
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Buying Swing: bought 575 calls at 2.60-2.75 same contract

Post by MMASSASSIN »

Buying Swing: bought 575 calls at 2.60-2.75 same contract amount as the 570 short. and removed the short leg of next week Dec 575 cDS at 5.00-.10 area. We were protecting our long term 545 jan calls profits and now that we look stronger we wish to have a stronger bullish stance into the possible china mobile deal.

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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