Buying Swing: buying SPY 117 weekly calls at .84-.86 OVERSI
Posted: Tue Sep 06, 2011 10:57 am
Buying Swing: buying SPY 117 weekly calls at .84-.86 OVERSIZED . We lost a huge support level with this gap down and there is a possibility that we retest the 117.60 level before the markets continue down. So am here moving in to time a bounce on SPY , the S&P ETF that may last multi day . Mental stop on the position at .70.
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 !!