Selling Swing: shorting 118 weekly calls at 2.22 same cont
Posted: Wed Sep 21, 2011 1:30 pm
Selling Swing: shorting 118 weekly calls at 2.22 same contract amount as the long on 120 weekly calls , to bring us into a in the money debit spread instead of just stoping out of the long calls position. This was to create protection instead of being stopped out but I see big volatility coming so chose to add more of the SPY 120 calls to rubble the stake at 1.25. Waiting for some direction after the 2:15 fed and then would release the position other bearish by exiting half of the long position hence credit spread balanced, or cover the short and be fully bullish.
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 !!