Buying Swing: buying 415 weekly calls next weeks at .80-.8
Posted: Thu Nov 03, 2011 11:33 am
Buying Swing: buying 415 weekly calls next weeks at .80-.86 area OVERSIZED my multi day buy signals have cleared now on my formulas. This is very far out of the money options but like the markets technical setup. By the way big smiles on the NFLX 85 calls we entered into about half hour ago, already close to 200% profit intraday. They expire tomorrow hence the big volatility. Also see the possibility of a bounce to 103 next week so am trying to buy next week calls , did not go right into next week calls due to the lack of volume and the immediacy of the need to position quickly.
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 !!