Selling Day Trade: shorting SPY 116 weekly puts 5x oversize
Posted: Fri Sep 09, 2011 12:45 pm
Selling Day Trade: shorting SPY 116 weekly puts 5x oversized at .81-.79 can do this because of the longs we have on 118 and 117 calls longs. This position is so large that a move to .91 would mean 1x oversized loss so mental stop is .91. I see a bounce setup just cleared on my formulas but multi day direction is negative .
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 !!