Buying Swing: buying long leg of 560 pDS at 2.20-25 with a

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MMASSASSIN
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Buying Swing: buying long leg of 560 pDS at 2.20-25 with a

Post by MMASSASSIN »

Buying Swing: buying long leg of 560 pDS at 2.20-25 with a .95 spread in mind. We have hit a pivot point resistance and wish to hedge against our very strongly bullish positioning. If we were to fall back some here we would look to turn this into a low risk credit spread, for that to happen we would have to see 565 puts reach 6.25.

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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