Buying Swing: covered NFLX 135 weekly calls at 1.50 area an
Posted: Wed Sep 28, 2011 9:51 am
Buying Swing: covered NFLX 135 weekly calls at 1.50 area and now looking to go long 1x oversized same area 1.52-.66. There is strength in NFLX and with the short on NFLX 120 weekly puts at 4x oversized and only have 3x oversized on the long calls of the week, we can add another long closet to the money calls position and as long as we do not fall bellow 120 still have no loss in sideways sinerio. Now that I'm out of the iron condor on sideways action i would be flat and no profit though trough sideways action the way an iron condor brings.
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 !!