Buying Swing: buying 117 weeky puts next week at 1.41 OVER
Posted: Thu Sep 15, 2011 11:05 am
Buying Swing: buying 117 weeky puts next week at 1.41 OVERSIZED and adding 195 Sept calls at looking for entry to make the hedge 2x oversized. The strategy here is since we still hold 1/2 of the SPY 117 weekly puts , if we were to have a sharp bounce and NFLX could easily deliver it, this position can greatly hedge against bullish volatility. If we were to pull back and lose day lows it would be easy to tern this position into a credit spread by shorting the 190 calls.
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 !!