Buying Swing: bought 565 puts at 1.14-1.40 oversized. As I

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MMASSASSIN
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Buying Swing: bought 565 puts at 1.14-1.40 oversized. As I

Post by MMASSASSIN »

Buying Swing: bought 565 puts at 1.14-1.40 oversized. As I send this those puts have gone bellow 1 buck and are now back to 1.15 area. Now that we have such a strong bullish stake on wish to have a bearish stake on for incase we lose this 200 day moving average and see a flush. If we were to see a push on GOOG above 600 then would look to short 575 puts and add enough on both legs to have a oversized credit spread. Since we have the short on calls from earlier a short on puts would move us into a bit of a iron condor off balanced but balanced on the money allocation spreads .

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 !!
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