Buying Swing: covering short leg of 550 552.50 pCS around

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MMASSASSIN
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Buying Swing: covering short leg of 550 552.50 pCS around

Post by MMASSASSIN »

Buying Swing: covering short leg of 550 552.50 pCS around same area 3.60 where we entered yesterday . Now this was a low risk credit with high return but were removing it since we wish after todays move down before this bounce, to have bearish protection. Also we would like another stab on the 555 puts . We would like to short the 555 short if we can get them for 6.10 or 6.75.

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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