Buying Swing: buying long leg of 220 pDS at 1.70-.80 with

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MMASSASSIN
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Buying Swing: buying long leg of 220 pDS at 1.70-.80 with

Post by MMASSASSIN »

Buying Swing: buying long leg of 220 pDS at 1.70-.80 with a .60 spread in mind. has reached a trend line resistance that dates back to the all time highs. This is a very important trend line since if its passed, then the chart would be fully shifted bullishly. Mental stop on 220 long would be 1.15 since thats .60n below entry. If this trend breakout holds true then the next step in strategy would be to focus on the call butterfly and double the call 235 wing to serve as a kicker.

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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