Buying Swing: buying SPY 125 weekly calls at .74 area OVERS
Posted: Tue Nov 01, 2011 9:48 am
Buying Swing: buying SPY 125 weekly calls at .74 area OVERSIZED, buying the fear, very high risk. Greece , what were they thinking? anyway after this pullback am using it as an opportunity to buy for a bounce as we have now not only lost the support yesterday but now also the trend line, something we should retest at 124.00. All the bets for this week are down, they were AAPL calls SPY calls and FSLR short on puts all losing today as was positioned bullishly before this news of greece referendum.
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 !!