Buying Swing: buying 124 weekly calls at .58 OVERSIZED for
Posted: Wed Dec 21, 2011 12:07 pm
Buying Swing: buying 124 weekly calls at .58 OVERSIZED for a swing high risk. these calls expire friday so premium may eat us up fast, but after a market consolidation today am using this as a buying opportunity. I still hold the short on 123 puts on from yesterday and did not put it into a butterfly because premium decay is working in our favor and multi day direction remains bullish. before the close I may short the 125 calls to create a debit spread on this new 124 call entry. As I send this out the calls are cheaper at .48.
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 !!