Buying Swing: earnings strategy buying long leg of 580 58

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MMASSASSIN
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Buying Swing: earnings strategy buying long leg of 580 58

Post by MMASSASSIN »

Buying Swing: earnings strategy buying long leg of 580 585 calls 2 weeks out at with to clear anywhere between 4.00-.75 area with .90 spread in mind. partially cleared at 4.60-.75 so far , will have the rest before the close. This is a very large position that we will not protect overnight but now that we have had a full gap cover using it as a bullish op into earnings. The exposure will definitely be larger than usual but into earnings we tend to see premiums go up.

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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