Buying Swing: turned 2.17.50 cB into cOB by covering 217.5

Here is where we post regarding stock picks on our swing trading ideas, from multi-day to multi-week both stock and option calls and puts, on the Nasdaq or NYSE.
User avatar
MMASSASSIN
Trading for living
Posts: 5599
Joined: Thu Jan 29, 2009 1:30 am
Contact:
Contact MMASSASSIN

Buying Swing: turned 2.17.50 cB into cOB by covering 217.5

Post by MMASSASSIN »

Buying Swing: turned 2.17.50 cB into cOB by covering 217.50 calls at .48-.74 a .55 average. We are locking in profits on the body of what was already a free credit spread, this way if we see a bounce we would like to renter this body before 1:45 if we move sideways and before the close if we see a bounce. Hopefully at a higher premium. Yesterday we did well to position into a 210 205 200 pB as bearish hedge, now were using this pullback as a bullish opportunity.

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 !!
Top

Return to “Swing for the Fences”