Buying Swing: buying SPY next week 121 weekly calls at .67-

[MMASSASSIN]

Buying Swing: buying SPY next week 121 weekly calls at .67-.73 area and this week 117 weekly calls at .63 plus shorting 118 this week weekly puts at .65 area vertical trough 117s. OK this week has not been a good week with every play this week even though they have not been many, all of them resulting in losses exempt one short on GMCR 50 puts that will only erase a long position on GMCR that lost 100%. Now on day of expiery am putting another 2x oversized not he line for this week betting on a market pop to at least SPY 119 into todays expiery. Plus am making bullish bets for next week with these 121 calls. Anyway it looks like in the end this will be a red week for me but will continue positioning for a bounce as the market has gotten very extended and the holiday season seams to be off to a strong start. Thius is why sizing is so important in options, and why it should be only 1/5 the money allocation that you would put in a stock position. since the % gains and losses are bigger U have to be able to afford losses for when they work they can very quickly gain kenny multiples.

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 !!