Buying Swing: covered 590 April puts at 11.25 we lost the
Posted: Mon Apr 16, 2012 12:02 pm
Buying Swing: covered 590 April puts at 11.25 we lost the pivot so exited the short leg and will hold the 580 long leg naked , for incase we have continuation fall. Now the strategy if we start seeing strength above the pivot and fib line then I do not mind reentering the short leg, but to hold it during weakness brings about to much risk, especially with trend line lost. If we see strength and starts getting above 591 then I would look to both renter the 590 puts short plus also would consider a new 610 or 605 long calls position.
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 !!