Buying Swing: buying 590 calls at .98-1.04 same contract amount as the 595 calls , this way at the close we can double short the 592.50 . We exited the 597.50s at .13-.15 so brining down the body earlier from 600 to 597.50 made us money. There still is a little premium on the 600 calls , if you wish to exit them for 1/3 of an x you can, will keep it myself as a kicker. Now into tomorrow we end with 590 as the valey of death a since if we close at 585 we find max profits on the position from tuesday.
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 !!
Buying Swing: buying 590 calls at .98-1.04 same contract
- MMASSASSIN
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