Buying Swing: buying long leg of 205 207.50 cDS at 1.91 ar

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MMASSASSIN
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Buying Swing: buying long leg of 205 207.50 cDS at 1.91 ar

Post by MMASSASSIN »

Buying Swing: buying long leg of 205 207.50 cDS at 1.91 area with a .45 spread in mind. Friday we entered a very large 190 long to connect to our 185 short for may. That huge bearish bet we wish to hedge against here where we might find support, as I send this were losing on the play with a mental stop 45 cents bellow entry. Around mental stop area we would consider either exiting or buying 200 calls same contract amount with intention of latter double shorting the 202.50.

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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