Buying Swing: buying SPY 122 weekly puts at .93-.96 2x over
Posted: Wed Aug 31, 2011 10:58 am
Buying Swing: buying SPY 122 weekly puts at .93-.96 2x oversized. Big smiles on the SPY 122 and 123 weekly calls , but here have to protect those positions intraday by buying some puts for see some intraday negatives here , nothing to significant . Larger picture am very bullish as we have passed trend lines that date back years in the markets. On a pull back would like to exit these puts and latter on again focus on long calls. Mental stop on this position is .80 area and if I get stopped out that would be a good thing since it would mean that the older long calls positions would gain strongly.
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 !!