Buying Swing: buying SPY 120 weekly calls at .34 area 2x ov
Posted: Tue Aug 09, 2011 12:45 pm
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 !!
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 !!