Buying Swing: covering double the contract amount 119 call
Posted: Fri Sep 02, 2011 1:23 pm
Buying Swing: covering double the contract amount 119 calls at .70 then went long since the buy was twice the contract amount am now fully bearish and was able to exit the short at a small profit from .81. sold the SPY 119 weekly calls at .15 from .25 so a loss. Now have a fully bearish position. Big smiles on that 118 calls add at .14 already .27.
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 !!