Selling Swing: shorted GLD 169 weekly puts at 1.06 area sam
Posted: Wed Aug 24, 2011 11:13 am
Selling Swing: shorted GLD 169 weekly puts at 1.06 area same contract amount as the long on 180 and 176 puts plus also bought 176 weekly calls at 1.55 area same contract amount as the long puts. This is to work as a hedge against bounce without locking in profits on the long puts positions on GLD that we are up so much on. If we bounce then these hedges can work big positive but if we fall further its easy to tern the 176 calls into a vertical short plus exit the 169 puts many even make it long.
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 !!