Buying Swing: buying 132 weekly puts at .27-.28 my formula
Posted: Mon Feb 06, 2012 12:43 pm
Buying Swing: buying 132 weekly puts at .27-.28 my formulas are at a critical point multi day where the market direction is soon to be chosen for the rest of the week This is a bearish bet of the intraday highs on but the strategy will be to see if the market pushes higher or not. If we push higher then I would not hesitate to short the 133 weekly puts same contract amount to bring the strategy into a credit spread. But the reason why I am starting of with bearish position of market day highs is because I see real possibility of my multi day negative on my formulas clearing.
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 !!