Buying Swing: BIG BEARISH SPY POSITION buying long leg of S

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MMASSASSIN
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Buying Swing: BIG BEARISH SPY POSITION buying long leg of S

Post by MMASSASSIN »

Buying Swing: BIG BEARISH SPY POSITION buying long leg of SPY 196 195.50 pDS at .70-.76 with a .10 spread in mind. We are now fully exposed on AAPL bullishly on the belief that we should finally pass 100 soon but the marker is showing a lot of weakness. The bullish exposure now is very strong hence why the overly aggressive SPY puts spread in mind with no short leg yet to decrease risk. We are willing to hold her with a mental stop of 2x oversized instead of 1x oversized usually mental stop.

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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