Buying Swing: covering 126 weekly calls at 1.79 area and c
Posted: Wed Dec 07, 2011 3:56 pm
Buying Swing: covering 126 weekly calls at 1.79 area and covering short on 390 weekly calls at 3.00 area also sold 118 weekly calls at .69 area. Ok market did give us direction and it did so bullishly , the losses we this morning had on short on puts are now profits as we were forced to take a loss on the calls so quickly. one side was meant to hedge the other and it did so till direction became clearer, now multi day direction is still not bullish the markets on my formulas before the close but since SPY plays options after the close I will be adding other 117 or 118 calls weeklies today. trades 15 min after the close in options.
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 !!