Buying Swing: buying 395 weekly calls at .88-.90 and buyin
Posted: Wed Dec 07, 2011 10:12 am
Buying Swing: buying 395 weekly calls at .88-.90 and buying 127 weekly calls at .68 both oversized. The strategy is to enter credit spreads but am starting by buying the long legs before a possible bounce then on the bounce short the calls 390s on AAPL and the 126s on SPY. Now if we do not bounce then have to be fast to short the same contract amount on the 390s AAPL and 126 SPY if 386.80 is lost on AAPL or SPY the point where I would pull the trivet on the short right away would be 125.00.
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 !!