Buying Swing: buying 115 weekly calls at .70-.80 2x oversi
Posted: Thu Sep 22, 2011 10:35 am
Buying Swing: buying 115 weekly calls at .70-.80 2x oversized, by the way the short on 112 weekly puts was at .85 trough SPY 110 weekly puts at .38 area this was 2x oversized , THEASE are both this week expiery. The short on 112 puts trough 110 puts are 2x vertical the spread this way if we have sideways action and no move up we lose nothing, but if we fall next step would other be to create a butterfly or doubling the long leg of the credit spread.
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 !!