Buying Swing: bought 565 puts at 1.14-1.40 oversized. As I
Posted: Mon Apr 23, 2012 1:08 pm
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 !!
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 !!