Buying Swing: Today is the big day Es. Into the earnings w

[MMASSASSIN]

Buying Swing: Today is the big day Es. Into the earnings we want to protect profits above all things but also have a bullish exposure since the possibility of a short squeeze is very possible. We positioned with technical levels in mind, the 100% fib extension on the long side and the strong support at 140 on the puts side.

So on bearish protection we already have a
weekly 190 180 170 pB so we now add
1) weekly 170 160 pDS about .95 spread
and since the 140 level is a strong level if there was strong weakness
2) 155 140 125 pB March about .85 spread

On the bullish side
1) weekly 220 225 cDS about 1.00 spread
2) weekly 230 245 260 cB about .75 spread

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 !!