Selling Swing: selling 129 weekly puts at .67 area and at
Posted: Thu Jan 12, 2012 11:15 am
Selling Swing: selling 129 weekly puts at .67 area and at .49-.46 area 2X OVERSIZED. and bought SPY 130 weekly calls at .12-.13 OVERSIZED. Am using the market pullback today back to trend line as a short puts opportunity and taking the long shoot 130 calls long stake here, have a position on those from yesterday also higher. The beat here is that this is only a intaday pullback and that we should move back up to close at a day high. The 130 calls today is higher risk higher reward for both options expire tomorrow and were fighting depreciation.
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 !!