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Buying Swing: buying 115 weekly puts at .33 and creating c

Posted: Thu Apr 12, 2012 10:53 am
by MMASSASSIN
Buying Swing: buying 115 weekly puts at .33 and creating credit spread 138 weekly calls trough 139 calls at .50 spread. Market popped very strongly today and has some resistance at 138.42 and 138.50.

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 !!