Buying Swing: adding SPY 117 weekly puts at .54 area OVERSI
Posted: Tue Aug 16, 2011 3:47 pm
Buying Swing: adding SPY 117 weekly puts at .54 area OVERSIZED brining up the overall position to a 2x OVERSIZED long stake on SPY 117 weekly puts. the markets are here bouncing but if you were to blindfold yourself and only look only at weekly and daily charts then the bearish potential here technically speaking might be the biggest bearish opportunity from a technical perspective all year. Yes we may go up more towards fib lines above the trend resistance lines but most likely it would just become the wicks of the candle and where I would again add to bearish market stakes. So far am in pain on bearish stakes but can't ignore the larger strategic opportunity this great bounce back up the markets have presented us with.
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 !!