Buying Swing: buying long leg of a 186 185.50 cDS at .86-.

[MMASSASSIN]

Buying Swing: buying long leg of a 186 185.50 cDS at .86-.90 cal Debit Spread with .22 spread in mind. Since we have the 185 puts long this will create a bit of a strangle type positioning were we profit on volatility. Now we are up over 1x oversized on the puts part of the strategy from when we timed the bounce top earlier today. That gives us leeway to hold a little passed 1x loss on either calls or puts side since a move in either direction will bring one side or the other, in the money fast. Especially on the calls side since we have a very large trend line support dating back years, that would be seen at 184.70. Also if we have daily candles bellow 184.70 support trend line then the whole market uptrend may of come to a mid term end. This is a weekly frequency trend line so weekly chart would tell the full story. For now we have to see support as bullish opportunities with bearish positions for incase. Hence volatility, and strangle.

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 !!