Buying Swing: buying SPY 120 weekly calls at .34 area 2x ov

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MMASSASSIN
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Buying Swing: buying SPY 120 weekly calls at .34 area 2x ov

Post by MMASSASSIN »

Buying Swing: buying SPY 120 weekly calls at .34 area 2x oversized. Since we still hold a 2x oversized stake on the SPY 110 weekly puts we are now in a strangle as we wait for market direction. On my formulas nasdaq is on the verge of multiday buy signals but they have not yet cleared. I am considering even shorting the spy 107 weekly puts same contract amount as the 110 weekly puts , to create more protection by making a debit spread on the puts side.

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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