Buying Swing: at open we bought long leg of SPY 193 193.50

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MMASSASSIN
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Buying Swing: at open we bought long leg of SPY 193 193.50

Post by MMASSASSIN »

Buying Swing: at open we bought long leg of SPY 193 193.50 cDS at .37 area with .10 spread in mind. The intention will be to later turn this into a possible 193 194 195 cB call butterfly by moving the short leg of 195 196 cDS down to 194 level as well if there is a strong enough bounce.

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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