Buying Swing: buying puts 540 at 3,20-.30 and shorting 535

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MMASSASSIN
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Buying Swing: buying puts 540 at 3,20-.30 and shorting 535

Post by MMASSASSIN »

Buying Swing: buying puts 540 at 3,20-.30 and shorting 535 at 2.06 same contract amount as the 530 puts creating a pO2B. Were at 545 resistance and if we pass trough here then will double the short leg, but a good place to take additional bearish protection.
On the calls side watching next weeks monthly 560 and 565 calls if we show strength.

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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