Buying Swing: buying back SPY 206.50 puts that we locked in

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MMASSASSIN
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Buying Swing: buying back SPY 206.50 puts that we locked in

Post by MMASSASSIN »

Buying Swing: buying back SPY 206.50 puts that we locked in profits at 2.55 here at 1.50 as I send this we are at 1.35 so am already down .But this area is pivot and may serve as resistance. If SPY continues green then would just get stopped out at 2x loss.

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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