.buying swing (SHORT) +BYOFO OVERSIZED at .10-11 BAC 15 stri

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MMASSASSIN
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.buying swing (SHORT) +BYOFO OVERSIZED at .10-11 BAC 15 stri

Post by MMASSASSIN »

.buying swing (SHORT) +BYOFO OVERSIZED at .10-11 BAC 15 strike June calls. I already have a OVERSIZED stake on these calls long at .13-14 so here I am adding a OVERSIZED stake making my short calls position larger than my long calls position. Strategy is to if day highs are passed on BAC add one more oversized long stake but if not then allow this short stake serve as protection of the full initial oversized stake. I can only recommend a short on options when U already have a long since with shorting options just like shorting stock U have the possibility of unlimited loss, this is more true with options, hence the oversized add if BAC passes her day highs and 15 strike becomes a closer possibility.