Buying Swing: buying 124 weekly puts at .34, .37 OVERSIZED

Here is where we post regarding stock picks on our swing trading ideas, from multi-day to multi-week both stock and option calls and puts, on the Nasdaq or NYSE.
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MMASSASSIN
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Buying Swing: buying 124 weekly puts at .34, .37 OVERSIZED

Post by MMASSASSIN »

Buying Swing: buying 124 weekly puts at .34, .37 OVERSIZED , earlier I added a oversized 128 weekly calls position again at .30 so now have a 2x oversized long calls stake and a 1x oversized long puts stake so an off balanced strangle strategy. This is meant to create intraday hedge, since we hold so much SPY stock and all the AAPL long stock stakes. If we get to day highs will take a loss on this long puts stake, I really want to take a loss on this one for if we do then we are well positioned for a much stronger market rally to come.

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 !!