Buying Swing: bought 560 calls for next week, 4.40 area ar

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.
User avatar
MMASSASSIN
Trading for living
Posts: 5599
Joined: Thu Jan 29, 2009 1:30 am
Contact:
Contact MMASSASSIN

Buying Swing: bought 560 calls for next week, 4.40 area ar

Post by MMASSASSIN »

Buying Swing: bought 560 calls for next week, 4.40 area area same contract amount as the 570 calls and at the close double short the 565 leg to end up in a 465 cB. last week we closed up this weeks butterfly 557.50 at 5 bucks and its tempting to lock up some of that body profits since its twice the contract amount of out 570 next week calls, but its less risky after this downgrade to continue the Calendar type strategy.

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 !!
Top

Return to “Swing for the Fences”